Have some patience, you will most likely be talking to engineers with minimal English skills, so keep that in mind.

It's $1, can't imagine there's much in property taxes for a vacant lot, so I could "enhance" the value of the property that I have for minimal cost.

My father and I own a housing foreclosure business and a property inspection business, but the foreclosure business is bleak right now due to the nature of the market, so minimal leads. 

My leverage on it will be extremely minimal;  one years' income would currently cover 4 years of carrying costs, and barring something like an atom bomb, I see no reason I wouldn't go into year 7 with at least 2 years income stashed.Since this isn't my "bread and butter" type of work, I just don't have the years under my belt of following the industrial market here.

So on paper, the losses on these remaining 3 could be minimal, but only time will tell.

***Renting in the area is thriving because people are unwilling to pay market value for a house, unable to save for a down payment or uneducated on the minimal cost barrier of entry to home ownership.

Justin Owens If we are talking about a house in a small town like Bowie, AZ I agree there are houses there that get minimal appreciation.

I researched the hot tub option.First I found out that the 98% of the competition didn't have them and may place already stays full without one.Second, I talked to some people that have them and they said they wish they didn't have one or didn't need one to be competitive.If you do you have you need to have a contract with a sauna company to do the maintenance to minimize your liability.I would the a pool would have the same issues applied to it.So if you don't need one of these to be competitive them skip the headache.

Aside from beer and food, I your expenses should be pretty minimal at UPT. 

At this stage I think we'll probably just go forward with things the way they are and try to get the property paid off in the next 5 yrs so that we don't have to worry about the fluctuating interest rates.This is why we started on such a small scale after all... so we could learn the ins and outs with minimal $ at stake.