Thoughts on this 600SF house??

[Robert Arquilla]

Here is the house:

Zillow.com/homedetails/1848-Lexington-ave-nw-warren-oh-44485/35541141_zpid/?

Here’s some info I gathered:

PROS

The house is in a fairly quite neighborhood maybe B- or C+. Just had the water heater, furnace and AC replaced. It looks like an older person owned and took excellent care of it. Basement was waterproofed (not sure when).

The house is affordable 36k it’s being sold by the owner and has been on the market for over 200 days. The owner has been trying to sell it since 2013 listed at 50k and has been reducing ever since. Any tips on negotiating for this type of circumstance?

CONS

School district isn’t all that great. The house is small.

I guess I’m wondering what you guys think about a house this small? Is it worth it? It looks like it should rent for around 575-625. Would it help to add a bedroom in the basement? Anyone have problems renting a smaller house?

Should cash flow around 100-150 per month conservatively (could be closer to 200) figuring on less of a percentage for capex for the first couple years due to the upgrades.

Thanks!