$65k/yr cashflow might be great if it's an A grade property that attracts only the most qualified tenants, and only takes an average of 1-2 hours per month to manage...but $65k/yr to manage a D property that ruins your life?

For my clients buying this as a vacation rental, even if they got coverage and could rebuild after a fire, the value of the short-term rental in Colorado would be ruined b/c no one wants to visit a scorched mountainside.If you're an agent like me working with STR/second-home buyers, or your just buying yourself, navigating the wildfire risks and other natural-disaster risks of a home are now part of the transaction.

@Calvin Graves Once you find the right agent make sure you’re ready to make offers and follow through with purchases because there’s nothing that will ruin your relationship with a new agent faster than having him/her sending you dozens of leads and showing you properties only for you to never actually take any realistic type of action with offers that might actually be accepted.

In November 2018, I purchased a $63,000 ruined house on the South Side of Chicago, in an African-American neighborhood, and started renovating it, both with my own hands and with outside experts in plumbing, electrical, etc.

I had spent ( this is in the 80s) probably 30k on my landscaping and they let it die and ruined it all plus some other items we did take them to court and we won a judgement for waste not the entire 40k wanted but if memory serves 27k or so plus my costs..

They hired professional movers who move rental furniture for the tenant as his is ruined.

For some people this is fine for others, it will ruin their quality of living by making them stress heavily.Consider your personality and how much stress you can handle before life sucks for you then set up your growth plan to fit.

The seller may not be OK with letting you "handle" the mortgage, because you could go in default and ruin his credit.

The blinds are pulled down with the hands, ruining them, as they peep out to see who's there.

@Chris Mason, don't ruin people's dreams :).