It's off-market and I'm getting it for $85K, no interest, seller-financing. 

We are trying to put my name on the deed and take her off without her losing her benefits and avoiding transfer taxes.

If there are any red flags on your mom's house, you may want to hold off on the cancellation of her current coverage until the new policy is issued and the company has done their inspection. 

After years of falling on and off track and finally centering my focus, vigorously studying, and pushing myself towards a new career I felt passionate about, I FINALLY got my Real Estate License.

@Sean PetrieYes it’s a bad time unless you find some stellar off market dealThe other option is if you are looking to hold something for 7+ years then usually never a bad time to buy

That ~$500 cash flow could go towards funding your next deal if you don’t spend it all paying off the heloc loan.

Though, it will pay off in the end. 

Take the bottom off and dump the crumbs into the garbage?

Our plan in the near term would be to use the cash-flow to buy additional properties every 1-2 years, increasing cash-flow so that we can live off that income after 10-15 years.Given our modest goal of $10K/month, I am leaning towards Option 2 which is to use cash to buy properties and in a few years re-evaluate financing.Here is one of the new construction duplex properties I am vetting right now:Purchase price: $360K for a duplex.Expected rents: $3300 monthlyInsurance + taxes: $500Vacancy, Maintenance + Capex, Property Management (25%): $800Net cashflow: ~2K/month (CoC ~7%)

I’m ready to get off the sidelines but I keep running into some obstacles.