A contract for deed THEORETICALLY works differently, in that since the warranty deed is NOT recorded there’s no need for formal foreclosure - but in the last 20 years various states have passed laws and or regulations providing contract buyers with greater protections that may necessitate foreclosure or “foreclosure like” proceeding in order to gain “ownership”.  

This will necessitate the production of a Private Placement Memorandum (PPM), Operating Agreement, and Subscription Agreement.

A $35k house in today's market screams war zone area, super rural with limited demand, or almost falling over (necessitating far more than $20k of renovation). 

The resulting damage required repairs costing over $3,500.Sewer Line Replacement: During the shower remodel, broken tile pieces and debris from the GC’s work were found clogging the sewer line, necessitating a complete replacement at a cost of over $3,900.Additional Issues: Poor workmanship also led to defective toilet installation and a leaking kitchen sink, further increasing repair expenses.In total, the GC’s negligence has cost me over $10,000 in repairs and corrective work, in addition to the original rehabilitation costs.

This decision is solely within your rights and doesn't necessitate the tenant's approval.When planning an inspection, ensure that you provide adequate notice as stipulated in your lease agreement.

Any positive cash flow I had was eaten up by repairs necessitated by purposeful property damage, a lot of it by random vandals, and by former tenants who were kicked out.  

However, this has also necessitated a need for asset protection.

This would at least require additional building materials and may necessitate other soft costs associated with redesigning the building. 

Most other real estate investment avenues within this budget would likely necessitate active involvement and a significant time commitment.For instance, acquiring a property with $25,000 in total out-of-pocket cash would almost certainly lead to substantial ongoing maintenance and repair obligations, directly contradicting her goal of passive income.

People who make good $, care about there credit and just so happen to have some life situation necessitating a rental for a time, like divorce or relocation?