With utilities already in place, its worth more than just then the value of bare land.  

Barely broke even. 

One is to put it on the mls at a significant marked up price for a possible double close, if you don't want to do the deal yourself. 2nd is to fix it up and flip it ( be mindful of taxes and the time that you will have invested in the deal to see if the deal is worth it). 3rd do the bare minimum and rent it all out.

Typically the larger houses (a 3/3 isn't large down here) barely make rent to cover RE taxes. 10% down on an $800,000 purchase means you're running very tight margins if you are looking to make any money.

It took me 2 days to repair a towel rod due to the crazy pink tile and backer board but I'm not a pro at home repairs myself.

@Drew Sygit maybe you misread or I didn’t properly explained.. surely I know Section 8 bares no responsibility while the tenant is gone, I was stating while she was still occupying the home, Section 8 cut off payments.Update: It was a mess but ultimately she was removed within the last month.

I own several large apartment buildings and started purchasing homes in 1972, but  I barely got by until I started investing heavily into multi-unit properties in 2001 and I made $30 million since 2001 doing real estate only part-time while running a construction business with 60 employees.I would tell one of my relatives or friends to look for single family properties where collecting rents can barely keep up with inflation.

There were transactions that would close, and my LO/boss barely even spoke to the people (if at all), just me.

(in other words there is a gamble to it).Will it bring more rent--probably not--unless it's dated (pink tile, 1950's sink, 1980's cabinets, etc...)Here are some pics of bathrooms from Apartment complexes.

My last str was in 2018 in western Carolina mon rains and was around 100/sq ft and now it’s 2 1/2 times this.By the time you put 10% down and pay mortgage, utilities, insurance & taxes there is barely anything to nibble on.I’ve looked at ltr properties and it’s even worse.Would love some of your insights and how you all have approached this market!