They are sure cheap to buy and build up.I thought of building a place out of a part of a 747.

On the other hand I don’t want to be cheap and losing money in the long run bc I’m not properly fixing things.

Cheap houses in lower class neighborhoods will get you cash flow with a lot of headache.

Slip and falls are a leading liability concern a property owner should be aware of and snow removal is not something to cheap out on. 

Send a Lease Violation Notice immediately - by mail with proof of delivery required (cheap date through post office) and or affix the notice in a envelope with his name on it on the door of the unit. 

These are cheap properties, probably in sketch locations (since that's where cheap properties are) so even a huge increase in appreciation % doesn't translate to a huge change in absolute value.

I accept the need for a competent PM and the reality that competence typically ain't cheap.

It's going to be a lot of "I know I'm young; I get it, but I'm cheap and will work my a$$ off.

Some might not be livable at purchase but 5k still seems cheap unless there is something off with the data. maybe the prices were reduced on unlivable properties due to back taxes being part of the deal for the purchase.

There are varying opinions on this but mine is: cheap never goes out of style.