A lot of hotel/motel rooms barely have a refrigerator.

@Russell Brazil I agree that the market couldn't likely support many different cloud brokerages, I'm sure like any startup they barely stayed alive with the first few hundred agents.

@Naomi Pinger The thought crossed my mind, but since I could barely get the money together to have single utility hookups, I doubt I could afford to get it to being an RV Park.

It should also be a bare minimum of $10k and likely more.Another mistake even the most experienced investors make (ask me how I know, lol) is trying to price the property in a sellers market at the very peak.

But, I believe that sometimes, looking at the bare numbers doesn't give you the whole picture of an investment.  

There are plenty of properties out there, but if I can't find a couple of deals, I'll have to purchase at market value and most of the multi property homes in my area have been up on the MLS for pretty long stretches so I  doubt any of them will be jumping at a low offer.With financing, barely any of the properties would cash flow and the ones that would are in super sketchy areas. 

Jack just have them deposit it into escrow like any other deal.. and a notarized document does not mean squat it only means it was notarized how on earth do you think that would help you if they did not pay you LOL.. you would have to sue them and that's expensive and time consuming just like you found out when you got in the squabble over the 10k EM.I have had a few of my notes I carried on bare land that turned out the buyers were growing weed and they wanted to pay me off in cash..

As it stands, the house is a 1960's 3/2 - 1525 Sq' completely gutted, has no AC, no central heat, not flooring and original windows... just exterior walls, roof, and bare studs.

Looking forward to learning more.Grant to answer your question, the only reason to keep a property that just barely breaks even is for the long term hold, hopefully have it paid for by renters and when I retire its paid off.

No Kids, no plans for kids.I have a job that pays me about $23K a year that allows me (just barely)  to write (I write!)