To me it seems the properties will be in rough areas which has higher turnover costs, barely any appreciation and a head ache.

My numbers for my first month is a bit skewed because some bookings was on VRBO and some were discounted for my first month so I'll have better numbers in 3 months time.But it is my first month well barely my first month so most of these estimations are based on airbnbs near me that do well at worst I will make 12k in profit which for a first year is not bad for me personally.

So even with me living in the 2/1 it cash flows just barely (at least on paper) but it looks pretty good once I would move out.

But when the two elevators went down and we realized we were barely able to make DSCR and weren’t cash flowing enough to cover long term major maintenance and cap ex, we had to pivot into Plan B.in regard to renovating in a partially occupied building, it’s a nightmare.  

How he was barely hanging on and wasnt getting paid any of the money I was sending the GC.

Hahaha right you should've see the pink and yellow tile!

We have a tons of lots around here like the one you described, many of which can be bought for cheap and are not listed because there are just barely any buyers for such.

Houses in Memphis will barely be worth more than they are now 20 years from now, so you have to hope to have a good solid cash flow to make it make sense.So I would say really take a look at your business and see what opportunities there you'd be foregoing by investing in RE. 

Listed a property in the fall here in LC and barely got any bites.

I've barely spoken to this person, so I cant believe they are going this route.