Can you help me to analyse this property?

[Jung-woong Han]

Hi, my name is Han and I am totally new. Even though I don't have fund right now I was trying to analyse deals and found this house on Realtor.com.

Link is http://www.realtor.com/realestateandhomes-detail/1...

It is 45k and it had been on market for a while, neighbor houses are from 80k to 120k. Can you teach me why this house is not so attractive to investors?

[Kevin Siedlecki]

@Jung-woong Han - you need a lot more info to even get started on an analysis. There are obviously no appliances in the place- you don't know what else the previous owners took with them when they left, or what damage they caused or has been caused since. There are dozens of reasons this could be a bad deal, and you really can't know any of them until you get in to see it. 

If by starting small you mean starting inexpensive, then you are going to be dealing with a lot of issues with condition and neighborhoods. That's true for any strategy. I would say starting small would be taking on a house from a motivated seller that needs just a little updating, putting in that work and taking a small profit. That's the right way to start small, again, whether you're flipping or renting, the message is the same. Don't be tricked into thinking starting cheap is starting small!