Her term might be a little confusing, but it's functional enough (coin something better, anyone?).

Overwhelmed but really enjoying all the resources from bigger pockets... just listened to a short-term arbitrage podcast so this is cool to be a bit vicarious and listen in/learn/visualize what bringing in some STR's looks like... 

Half bath way more functional.

@Eric Fernwood Thanks for all the great info/visuals and all laid out amazingly!

Mainly what the primary functions of the administration side that should be mastered for success. 

@Ted HendryWe have this great thing called a functioning legal system in the USA.

They also have several 3rd party vendor parts to add in various functionalities a la carte.  

I know visual inspection is a bunch of clues.

However it could be worth 170k-180 if everything was fixed and I think I could get it going as a functional rental property for the purchase price plus another 20k and some blood sweat and tears and maybe could get it reappraised in a year and do a heloc, but I could end up being 160k in when you factor in lost rent and is 10-20k inequity worth the gamble? 

Seller said they got multiple offers, and I must admit house has a good visual appeal, but it doesn't come close to the expense of repairs.