Hence the lot on which the house resided was taxed at a 45% discount based on actual value, while the tennis lot was taxed at about 4 times what it should have been by value. 

Most of the time, an ADU will cost 100k just for that part and then you have to actually build the cosmetic part for an additional 40-50k. 

Also, as my access to capital grows over time, that will impact my buy box as well. 

why on gods green earth would you want to buy 10k condemed houses :)  seems like a waste of time and money to me.

Great tenant that always pays on time - been there for 5 years Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Quote from @Matt McNabb: I'm a solid $400k/yr job in NYC and have $250k to begin investing as my first step into building a portfolio, although I don't have time to be a landlord so I have to account for management fees.  

I am asking for any guidance on what else to look into for MTR to make sure this is the right decision for my mother-in-laws property.I appreciate your time reading my post and answering my questions!

He gives an example of 123 Main street (total profit/total invested capital)/time in years.

I will probably sell the house in a few years since it was built in the 60s and the plumber said that i shouldn’t have any issues for some time now, hopefully.