I've got an unusual situation I've never dealt with before. I was contacted by a seller trying to sell her mother's home AS-IS (mother is alive, but in a nursing home with severe dementia). The mother is on Medicaid t...

She had no solutions and the only thing I wanted to do was to buy rentals.

Or you could just install doors, which would help with draftiness, and be an attractive permanent solution.

As much as I like giving the neighborhood kids some side work for the summer, this is a business and I need a long term solution. 

This will change, so you have to keep monitoring this.B) - Analyze your Current Exit/Flip potential   1 - List the Current Sold Properties over the last 3 months   2 - Slot these properties in the Ranges established above (A1)   3 - Establish the potential profit by using the spread within the different reangesC) - Analyze your Current Exit/Cash flow Potential   1 - 3 - See above as applied to the Rental MarketThere's a lot more to this, but these are the basics.When the properties for sale fall below the needed $#### to enter (to make a profit), don't wait...pounce.

Being there for the entirety of the project is a waste of your time...maybe checking in every now and then (once or twice a day) would keep them honest and allows you to monitor progress. 

However, to do this with 2 units may be challenging to monitor and enforce indefinitely.Once you feel comfortable enough, you may be able to make a contingent offer that allows you to back out during your due diligence period.

Some of those expenses being a Rental License $50 per unit annually, Fire Alarm License/ Certification $225 plus monthly monitoring fees, Certificate of Rental Suitability $25, Business Privilege License $300 per entity. 

The IRS monitors it for signs of tax fraud."

Islamic/Halal solutions to make things OK when borrowing or lending for a vanilla home purchase, it turns out from what I've seen Muslims have put more thought into this than other groups, some taking the concern more seriously than others (the more profit-motivated institutions taking the theology less seriously, as is normal in the world).