There is more maintenance cost when they are small keeping the grass down.  

At that class of property, the turn overs are costly. 

Houses out here cost average $1.3M and rent for $4,000 per month. 

Depending on the fee schedule and activity this can cost significant transaction fees and always includes some red tape and extra processes to go through.

Sometimes the closing costs from the auction are HIGHER than expected.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Very few non-owner occupied property policies guarantee full replacement cost - they typically provide replacement cost up to the dwelling limit purchased. 

Not only is land so expensive, but the process of rezoning the land not only requires a lot of capital of soft costs that are really expensive and often not financeable, but then you have to build on it which is also not cheap.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

.: Quote from @Jerryll Noorden: Quote from @Christina Hall: Sorry I only read a fraction of what you just posted … bc damn … lots of unnecessary commentary But I do understand Search volume managing hundreds of thousands of dollars per year in google ad spend and seo for major organizations @Jerryll Noorden: How long did it take to get the first organic lead from the time you started?