In fact, it was even worse because they overlooked a ton of code violations (missing smoke detectors, etc.)* Accounting system is f-ed.

I believe most investors are better served hitting singles locally than swinging for the fences (and usually missing) in outside markets they don't know and with far less control over the day to day functions.

For example, collecting three months of rent upfront helped you avoid missed rent, but even that could have backfired if they missed more than three payments.

People might not want to rent tents.Geodesic domes can be a hit or miss when building.

Time to acquisition is important for an 85% complete property depending on what is missing.

missing some info but if the Zillow value is correct there is also some opportunity for some  cash out too though

Typically most of the money (especially in this market) comes though purchasing a property in need of reno from a buyer not willing to put in the work/cash to reno, and then doing the work to reno it to capture that latent value.By buying a house that's already reno'd and ready to rent, you're missing out on a big portion of the potential equity-building potential of that investment, since the two big ways you build equity are through either reno or the housing market just moving up.

Most investors opt for the skeleton versions that truly miss the mark and lead to convoluted amended and restated agreements that cost far more to correct than simply paying for the agreements to be drafted by a professional at the start. 

@Alecia LovelessHi Alecia,I think you are missing my point.  

I'd remind him that 4 sheet of TP is the norm as he may be using more or there could be a minor blockage that the plumber missed the first time.