Hello Juan teach classes two weekends out of the month from 9 a.m. to 5 p.m. with approximately 15 students.

The property sounds like a Cape Cod style adding a bedroom upstairs and installing a heat source will definitely up the value and rental rate but is it worth the cost, a good manager will be able to advise you of that too as they are licensed in real estate and can give you an opinion of value.

., build passive income and equity to teach my kids the value of.

The $35k my mentor bought bc it for a great deal, but it doesn't fit his criteria so he asked me if I want it and he would sell it to me for cost, because he wants to get into another deal; and it fits my investment style. 

I am hoping you are correct.I read another post from someone who has the ultimate fixer-upper as a tenant. in addition to that, this one wants everything HER color, and HER style.

Also look up Lloyd segal he has a club near lax and teaches a weekend bootcamp.

I thought I knew the numbers, thought I was smart, but please fellow BP readers help me understand and teach me why people seem to be paying these prices. 

Can it be done 'self-help' style or is an attorney mandatory?

We should definitely grab a beer or coffee (whatever your style) and talk more. 

I'd look into and see whether this fits your style.