Please see updated numbers below in chart that includes insurance. 

Separate property includes property you owned before you were married, property you inherited, income and gains from separate property and damage awards from a lawsuit.

He also says 98% of all investors, including professional investors, are better off investing it in a broad-based passive index fund (the extreme diversification approach).https://www.youtube.com/watch?

I have a contractor that does all scoped including (plumbing, mechanical, flooring, etc).

Otherwise going out of state is what many of us who live in more expensive markets have done, myself included. 

For 20 years, I have been doing taxes for investors, including hundreds of lenders and borrowers, and I have seen these scenarios too many times.You need to protect yourself in four areas, not necessarily in order of importance:1.

(Pro tip: No one is going to sign a rent increase early.)If they are on month to month leases or informal, verbal leases, present them with notice in accordance to your state laws that says you will be increasing rent to $X on whatever date complies with the laws.Note that a 30-day notice isn't 30 calendar days, it is 30 days including one entire rental period, so if you give notice before June 1, you can increase rent on July 1.

If you buy and renovate I would try to find a Private Lender if she does not want finance that would include the funds for the repairs/rehab.. 

Hello, a lot of the times when I read about planning before a flip it includes looking through contractors, getting your finances in order but what I need help with is choosing where to buy and sell property.

.- Windows are oigional with old aluminum storm windows some are broken.4700 W 20th stMarket rate (conservative est) Market ratePainted, StainlessAll rentedcompetitivly priced including basement1st floor Front 2bd 1ba includes front porch9009009001st floor 2bd 1ba with heated sunroom 6'11"x 11'9009009002nd floor 2bd 1ba + front porchKitchen needs floor sanded, cabinets plaster, paintBath needs toilet & vanityPorch needs drainage8758752nt floor 2bed, 1 bath heated sunroom 6'11"x 11'900900900Basement STUDIOEgress windowsdrywall, 1 wall needs fixing500Garage$120$150$150Mortgage 260 for 3 units270 for 4 units280 for 5 units-$1,248-$1,296-$1,344heat (heat & cooking)-350-350-350Tax-$635-$635-$635Water & Garb-300-300-300Insurance-$145-$145-$162ElectenanttenanttenantUnits Rented3 units4 units 5 unitsMonthly Cashflow$142$999$1,434If this were 2016, I know I would be overpaying.