Instead of doing a brain damage exercise we just see whether or not the investment pays for itself inside of 3 years.

You can always find a random story about an incorrectly filed lien or some guy whose great-great grandfather has a claim to a property and swoops in to exercise on that.

Then what you have are folks who learn junk who passes it along, it's much like an exercise many have seen; one whispers a few lines of information to someone, then that person whispers the information to another.

There are hours and hours of video, instructional materials, and exercises to increase your knowledge and get you going.3) Activity - John is still out there doing it today, plus he's humble about it.

Food/water, toileting, grooming, exercise, socialization and medical care are a few things to consider.2.  

Unadvisable.If this is just an exercise to practice evaluating a potential purchase, then there is no harm done, but I wouldn't recommend putting any money on the line at this point.

Is the exercise aimed at getting a person to think about only purchasing property they could get at a bargain price and rent for a nice 1% or higher rule?

It is a good exercise and should tell you approximately how much it is going to cost you to do the cosmetic fixes you listed above.  

Marketing the loan may just be an exercise in time wasting.

If so, wife will be able to exercise her rights of survivorship and as a result should eliminate any probate proceedings.