Free healthcare free cell phones free housing.  

I wonder who still makes houses like this.

This question seem pretty naïve for someone that's flipped about 30 houses. 

The house was given to them when my grandpa died.

Quote from @Garrett Brown: Thank you, it is from a company called OOD for the mirror house and then everything else we build around it.

(Previous rent was $1,300 but we're about to put in a brand new kitchen from the studs, new flooring throughout the house, new furance, adding A/C, etc).So do we just pay for it all upfront and mostly drain all of our savings, or do I let the rent pay for it and utilize our other savings to get a second property this spring/summer to increase our cashflow? 

Purchase price: $160,000 Cash invested: $40,000 Sale price: $268,000 I bought my first house in Kalispell Montana as a long term investment and possibly a rental.

Lake house, cabin feel, waterfront etc.

I have owned houses in 'floodzones' that would never flood except in a once in a lifetime situation.

(They did multiple inspections, also came for several full afternoons to just poke around the house while we were living there.)