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The details of the home are as follows.Colonial built in 1800 (updated and maintained over the years)Property Value - $420,000-$440,000Mortgage Remaining - $260,0002-3 Family Rental Opportunity, potentially more if renting out rooms with share use of common areas. 0.7 Acre lot, A driveway with parking for multiple vehicles, located on main street in our area, easy walking distance to markets, parks and plenty of other conveniences(library, ect.)Our uncertainty lies with the best way to approach transitioning this from her ownership to ours so that we can start with favorable numbers while also ensuring she isn't simply taking a loss by selling it to us at below market value.

If you're completely knew to the field I'd recommend spending at least 6-12 months educating yourself through websites likes this and its family of books and podcasts, other real estate podcasts, books at the library, and local meetups.

Zero dollars.But he’s listened to 200+ podcasts, watched real estate gurus on YouTube and TikTok, and read enough books to open a small library.  

I'd recommend spending at least 6-12 months educating yourself through websites likes this and its family of books and podcasts, other real estate podcasts, books at the library, and local meetups.

For everyone thinking about getting into real estate investing, I recommend spending at least 6 months educating yourself through websites likes this and its family of books and podcasts, other real estate podcasts, books at the library, and local meetups.

It's okay; bring it into the Fall months I will still be here but lower.This is beyond real estate as @Ned Carey states, wait till you see the PE/PC space it's beyond ugly.

For everyone thinking about getting into real estate investing, I recommend spending at least 6 months educating yourself through websites likes this and its family of books and podcasts, other real estate podcasts, books at the library, and local meetups.

For everyone thinking about getting into real estate investing, I recommend spending at least 6 months educating yourself through websites likes this and its family of books and podcasts, other real estate podcasts, books at the library, and local meetups.

This is a foundational read that everyone should have in there library and have read no less than 3 or 4 times.