The catch is it must be vacant 90 days and winters in Vermont are expensive to heat the building so the pipes don't freeze requiring costly plumbing repairs.So this property may be eligible for up to $130k in grant money and rental income guaranteed by the state!

I purchased my Los Angeles (Compton) 4-bedroom home in 2013 for 240K; according to Redfin, it is now worth 686K. 2 years ago the entire house was completely renovated (Insurance claim) due to a burst pipe that caused extensive damage while vacant. 

Property is in okay condition but has some leaking pipes in basement and needs  a water line for the 2nd unit to have better water pressure.

And then when a pipe bursts, I can get a 2nd on the house from Billy Bob's ira for 5k(fix the 3k pipe and still have 2k in the ira for other issues).

The roof is terrible and there are leaking pipes.

I was unaware the washing machine did not have a drain pipe.

Definitely not an exhaustive list, but those are trades that I'll waste tons of time on and likely do subpar work when I can pay a pro who will do it in 10% of the time and the labor costs are pretty reasonable. 

The insurance problem grows as we keep having more disasters (hurricane, flood, fire, pipe leak claims in the billions).

Probably the most exhausted topic in these forums.

So now you have a hard core Landlord, and a PM who prefer to move on and will see little value in exhausting all legal recourse in pursuing the back rent.