Even if you believe you can stomach the monthly payments, paying $20K a year to carry a piece of land based on the information you shared is not recommended.

Appreciate anyone willing to share. 

One of the biggest challenges of investing in Rustbelt cities is knowing where to invest and properly understanding the cooresponding pros & cons.Here's copy & paste advice we share to help to address this challenge:-------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Also, for your shared laundry situation, I recommend PayRange.

I will share more information about some of the properties I'm looking at when I visit in January/February.

Thanks for sharing your insights!

Can you share whick app you chose to use in the end?

i'm reading it as well. you can always call township yourself and ask hypothetical questions. dont share your address

That can be an issue with shared spaces.

Whether it's gathering around the tree, sharing laughter over a meal, or watching the magic in your loved ones’ eyes, there’s nothing like the comfort of being home for the holidays.Merry Christmas from my family to yours!