This neighborhood typically has government assistance w/ rent.  

If you plan on self managing that is going to keep you extremely busy.  

@Ian SimonIt has been very successful for the people I have assisted with the adwords and PPC advertising.

I would urge you to not get too caught up in the hype about investing in one particular asset type - multifamily, mobile home parks, self storage or cabins. 

I’m getting ready to rent out my house, and this is the first time I’ll be doing it my self.

Good Afternoon Investors,Is anyone out there using a Self Directed IRA to invest in real-estate? 

Probably very lazy and self entitled, I may be wrong but not likley.Co-signer or not the money from the mother is not reliable, when she stops supporting her leach of a daughter or dies you have a problem.

.- Approximately zero point zero zero percent of REI know what numbers are on their Schedule E, so 'verbal prequals' aren't really a thing for folks with rental properties or otherwise self employed, that are buying rental properties.

I am open to self managing this home to start out with.

You probably should get an attorney to assist you with the loan modification paperwork and any state laws.