In parts of the world (US included) where there are homeless people and cheap land, this can help provide a solution.

This piece is about 2 acres and located within the flood map border but I held onto it since we got it dirt cheap (pun intended).

Yes they aren't cheap, but if they can increase revenue enough to make up/exceed their fees by increasing occupancy and making you feel comfortable because they are there to ensure things run smoothly..then it sounds like a win to me!

We just had a baby back in October and are not keen on the idea of moving right now, plus our mortgage is crazy cheap so we don't really want to lose that right now either.

She's cheap and will catch on fast.

There is companies that deal with that but it's not a cheap thing. 

@Samantha Kiser I’m currently getting windows, big full sized windows, that are an odd size but for some reason Lowe’s has them in stock super cheap $225 apiece.

However, if you are still wanting to push through to the next level, I have a contact at Morgan Stanley that should be able to help you with a non-recourse commercial loan. 25% - 30% DP, but the rates are surprisingly cheap.

A very honest property manager told me that investors who profit from cheap properties buy in volume (not your typical beginning investor) because the good properties offset the losers. 

Seems like rainwater should not be getting in the house to the extent where you have to consider changing flooring, I mean there are millions of house with tile floors around.....You could even add cheap area rugs (9x12s) and that would help.But yes, I would guess that if someone slips and can prove it, they will be coming after you....