1st Investment: House for my mom
Hi everyone. I've convinced my husband to join me on a journey with investment properties. The first will be a house for my mom and brother to live in. Has anyone here done that? Do I just charge them the P&I and have them get renters insurance? I expect them to live there for 10-15 years. Not to sound awful, but I'm unsure either will live past 15 years with their health problems. My mom would move in with us if my brother goes first and the house isn't close to paying off. Anything else I should consider? Currently looking at a $150,000 house in Edwardsville, IL. Their max payment is $650 so the rest (taxes, maintenance) would be on me to cover.