It is set up for student housing, it's not pristine, some puke here and there isn't a problem, maybe  a broken window or two, clogged toilet now and then, no big deal. 

So they set all of the gold cars they saw in the parking lot on fire.No caption necessary for this toilet from hell.This is what a kitchen can look like when a low income tenant moves out of it.This is what a backyard can look like when a low income tenant moves out of it.If tenants in these tough neighborhoods don't have yards, don't worry they will light off their fourth of July fireworks in their bathrooms.Don't worry though.

Unless you have tens of thousands of dollars to flush down the toilet, I'd stay away and use whatever your tight budget is on marketing. 

Regarding the kitchen - they make countertop ovens that plug into 110 and will hold a full size 13x9 pan.

I'd be interested in seeing how your estimates for repair cost, expenses etc panned out with actual numbers.

In either case, you can't work on the property as it must be a passive investment (e.g. you must hire someone to fix the toilet and can't pay the expense with non-retirement funds).7.

All the updates have been done already, exception of carpet, paint and 2 toilets to replace before a renter would be placed.

It always interesting to hear how these things pan out.

In either case, you can't work on the property as it must be a passive investment (e.g. you must hire someone to fix the toilet and can't pay the expense with non-retirement funds).7.

Let us know how it pans out!