It's pure BS that you're going to pay $15k and someone's going to bring you a $50k profit.

I a factoring in the replacement of the AC unit and potentially the water heater, and the cosmetic thins (I would do myself) to get it to rentable standard.

so i'll throw out my standard cold water.

New payment is 4150 including taxes and insurance 80 waterHot water bill is 125Rents 8350Very happy with my first BRRRR

I also see your point about avoiding bargain basement properties, especially insofar as tax shielding is easier with an asset of a reasonable size.Your point about barriers to entry is also interesting, since I suppose those barriers can be geography (natural boundaries of mountains/water), but you're probably referring to that which impedes future construction?

The issue I see is smart contracts/tokenized real estate and traditional real estate investors is like oil and water.

Licensed with permits ~$4,000.Full replacement of all water supply lines and shutoffs from the interior water meter with PEX and an open basement.  1 kitchen 1 bath 1 laundry. 

If the house is under water with the OCWEN mortgage, then approach the mortgage holder about a short sale. 

Are you in a market where water lines could freeze in the winter if there’s no heat?

@Katie Miller, I purely entertain referrals from other people who have had great experiences with niche CPAs.