The  lowest I could go may be break even, provided it will be short lived and I believe the appreciation will go through the roof.

Ranches have larger roofs so more water shedding from the roof during a rain.

Also had a roofing contractor lie about the state of the roof in hopes of getting a new one - when our own roofer said there was nothing wrong with it and the life span of a roof is a lot more than 10 years. 

The place needs a roof or whatever....4.

We just bought our first multifamily and it needs a new roof.

Instead, they miss the cloth or aluminum wiring and poor circuit allocation and instead show you with their fancy plug that "polarity is reversed"; or the always arbitrary "the roof likely only has 5 more years left max" because they see a 3-tab shingle from the ground and completely miss hail/wind damage on a newer architectural shingle citing its "lifetime warranty".

-yard not ideal -driveway is steep, not a lot of off street parking, back yard is a rocky hillI think I would need $500-650 per night for it to work for STR or LTR of $6,500+.Anyone have any insight or ideas for this property?

The place looks like it needs the roof replaced, interior needs an update, outside would need to replace some wood planks to be replaced.

This can tell me a lot about the age of the plumbing, roof, HVAC, etc before actually walking it.

view=publicIt's a 3 bed 2 bath house, almost 100 years old, and the seller made a bunch of updates to the house (fixed roofing, foundation, re-ran electrical wiring, redid flooring, and interior paint) prior to me moving in.So far, I've added a dishwasher to the place, and here are my thoughts as far as other "value adds" go, but I don't want to invest the money if you guys and gals don't think there's much opportunity for a return on it...