I'd plan to go in, do the work myself and rent asap.I also consider multi families, but I can't get them as cheap and not only do I have interior maintenance, I now have exterior as well.

When I arrived I found HUGE holes in a couple of walls, various wires within the walls had been cut, and some lengths removed, 5 interior doors that had been kicked in, truly nasty carpet, dead lawn, a kitchen that a hand grenade would have improved, a hole through the sheetrock and brick where a window/wall A/C had been removed, etc, etc.

The lots (non golf course lot, non lake lot, but nice interior wooded lots 1/3 acre) are valued in the range of $25,000 to $45,000.

Entry door: dirt on the interior beneath the handle and on the door edge.

The one I have ($25 bucks) is titled, "Interior Home Improvement Costs".

Pics in the interior are nice.I have not looked at sold comps but listings tell me I could price around $185K and watch it site on the market for months.

The basic structure is up but drywalling and interior is yet to commence.

You would still have to cover any vacancies, interior maintenance, make ready costs, utilities while vacant, legal fees, evictions, advertising, etc.

- eventually it will need to be painted (exterior) and new windows but for now - interior paint / flooring would be all it needs.Any suggestions on this...

The elasticity, color and protection are still in place with absolutely no chalking, cracking or deterioration of any kind, The same goes for interior paint as well.