If you are only making $600 a year - you can easily call that negative cash flow - because the first repair you have to make will probably eat that amount up.I would encourage you to compare whatever deal you are looking at to alternative uses of your money as to investments.  

Home can easily be rented for $1200/mo immediately.

I feel that in this area I could easily get $1000k a month per unit.

I seen Facebook and google reviews, but those can easily be fake.

You should be able ot easily skip trace any of the plots or find the information online enough to add more to the trace.

That can easily be $5000 plus per year.Its been almost 6 years since I developed any covered storage, but I was around $25 per square foot for 12' x 45' covered (and enclosed on 3 sides). 

I do have a good idea what bids will be accepted on the aged inventory.HUD does not negotiate in any way and any counters you receive are generic and as discussed here often are not counters at all but an invitation to re bidEven if you do not have MLS access you can easily track the price reductions via sites like Realtor.comAs always, I will be happy to help anyone with the process if I can

If it is $50 a month, you'll obviously recoup that with additional rentals pretty easily.  

Btw I know life insurances very well and had applied for a real private license for a bank in the past so all these infinite banking concepts etc can easily be exposed once you compare them to the right real estate strategies I know such product may help those who are not in real estate but on BiggerPockets I think quite a few people here are exposing the truth about WL and borrowing 85% against 100% to make 6% (That May be correct math but it is a terrible return, if you call that a return!)

You can easily make $100k or more per year without any coaching and without a fancy operation.