It's shedding material from impact of sun's rays, that's how elec is produced.

@Tim Ryan I should have said the unit is uninhabitable and by rehabbing it will produce rental income, so a years rental income/ capital invested = CoC return?

Contract is very clearly and states that if seller cannot produce a clean title than EM is to be returned to the buyer.

I am also of the belief that if a property cannot produce $1500-2000+ in rent per month, you're just going to have a hard time covering capex.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

That’s just the truth but all isn’t lost:- Created actionable steps, Created a system that can actually produce the desired outcome.

Purchase price up to $300k.That way you will have a property that produces passive cash flow every month and appreciates slowly and steadily over time.

Craigslist wasn't pretty, but it was easy to use, and it worked (I found lots of great tenants via Craigslist) ...unfortunately, over the years, Craigslist produced fewer and fewer tenants, and more and more spam.  :( These days, nearly all my new tenants come from Facebook Marketplace.  

But the $1m value increase has produced a good return (and why my equity position is so high).Recognize when you increase your down, you are purchasing the cash flow at a rate qual to the interest rate.  

Call me old fashioned, but real estate is an income producing physical asset.