If you don't save up a healthy amount not only will purchasing a house drain you but there will always be unavoidable costs you'll incur.

The water either drains, or it doesn't.

I would stay away from draining your credit cards as you still need to live.    

Specifically in Grove City If you still need one also check out Grove City Plumbing and Drain

I'll assume you're going to self-manage so that means (in addition to your "day job") you're collecting rents, interviewing tenants, maybe unclogging a drain, and if he's truly "with you" he's going to end up involved whether he likes it or not.

So an investor should just pony up $6,500 to watch it go down the drain?  

Current tenants have never had rent raised.Leases:Unit 3: One year; expires August 31, 2017Unit 4: (did not scan; at home; will send this evening; pretty sure 1 yr lease ending summer/fall 2017.)Unit 5: 6 month, expires June 30, 2017 (just renewed)Unit 6: 6 month; expires May 31, 2017All rented.Asking price $135K2016 (est) Repairs: $1,100Improvements: $1500Rental income: $18,000Annual recurring expensesWater $840Trash $912Snow/Lawn $750Property Tax $2,700Insurance $2,100Rent (@ 100% occupancy)Units 1 and 2: $12,360($515*12)*2Units 3 and 4: $12,600($525*12)*2Total rental income at 100%: $24,960Improvements to units 3 and 4Roof 4 yrs oldNew toiletsHot water heaters 4 yrs oldFoundation drain installed both units 3 yrs ago; warrantied for life; transferableNew rugs; walls paintedImprovements to units 2Foundation drain installed unit 3 summer 2016; warrantied for life; transferableNew carpets and paintImprovements to units 1 and 2New roof scheduled for mid-January.I would appreciate any thoughts.Bill

We were out there that day adding permanent drains to bleed the water away from the area.I hate the experience @Dené Sellers is describing.

Another th g to consider is that it can be a drain on your future income, as (at least with my agency), they deducted a proportion of the loan each paycheck.

http://www.hawaiibusiness.com/leasehold-properties-a-deal-or-a-drain/