It's a primarily a utility asset, and secondarily a store of value against currency. 

I'll figure that out after I pick a strategy.

I picked up the same things too.

The book on rental property investing : Brandon Turner I picked up The Book on Rental Property Investing!

I've picked up several really good deals because a tenant operator ran the business into the ground to a point where the property owners just wanted or needed out. 

You picked a great community to join.. have you checked out local comps to gauge the market vibe yet?

Security Deposit: 2600Lease states no smoking/painting walls/no hanging things on wallsTenants have moved out and have left two truck loads of garbage to be removed.Damaged doorPainted walls which got on the ceiling and trim Lots of holes on the walls throughout the houseDamage from windows being left open constantly Weed was clearly smoked in the house (smell throughout the place) so we need to deep cleanWater bill wasn't paid so I had to turn back on utilityMissing keyQuoted costs:$450 junk removal (some furniture)$935 for damaged doors/windows, painting cleaning$30 for utility turn onTenants were only there for a year before moving out so a lot of this is beyond normal wear and tear. 

If I would have used competent management, the manager that I picked and vetted, then it would have cash flowed, assuming they could have filled the vacancies.The big lesson I learned is that the property manager selected can make or break a deal. 

The LLC helps when you are trying to do things like turn on utilities. 

Need to watch out for utilities like water meter, electrical, gas, and sewer.