In the 80's, a 6 unit property sat on that land and subsequently burned down.  

I'm going to have the outside vinyl sided which will be the only cash I have left in the deal.Actual Monthly Expenses:Mortgage Principal & Interest: $380Monthly Taxes: $68.92Monthly Insurance: $63.75Cap-Ex: $95Vacancy/Credit Loss: $47.50Property Management: $50Total Expense including estimate for vacancy and cap-ex: $715.17Rented @ $950 per monthExpected Cash Flow: $234.83Living Room:Master Bed/Bath:Under the cardboard box in the pictures were about a hundred cigarette burns in the carpet...Between the 5 people and 3 dogs living here when I bought it there wasn't a blade of grass in the back yard:Still haven't done the vinyl but it sod does wonders and it only took 1 pallet. 

@Steve ShultzI would probably just wait till they burn the house down next week Then I’d do something about them destroying your property .

Original single story home, built 1953, has been totally remodeled with 3 bedrooms, 2 bathrooms, wood burning fireplace, covered rear patios & more.

You don't need to start big, and any "numbers" you run are better than burning your money on rent.

CA  the one in Shasta area is devastating the ones in Lake co are primarly burning off BLM brush land but have gotten into areas of nicer forest land.. the Ranch I grew up on in Lake Co was in the Path and I just talked to my brother and the entire 1,500 acres the fire ran through..

After Chicago burned down in the late 1800's, it became a railroad town with all of the industries that railroads supported.

I want to help, if the numbers work, but don't want to be surprised later and get burned because they owe the care facility or whatever. 

Apparently, in 2009 a bunch of lenders were feeling the burn of loose or nonexistent underwriting guidelines from years prior and were looking to correct those mistakes.

@Cassidy Burns Was the property a primary residence or purely investment?