Wood Floors not sealed, tile not properly installed and grouted, cheap flat paint that the tenants can't wipe finger prints or food splashes off, countertops not caulked so water gets behind causing water damages, the cabinets were painted over not replaced the list goes on and on.

Giving away the place cheap only creates more work for yourself screening lower income individuals, and attracts scammers.

That is a cheap pet fee and good cancellation. 

Your 3% rate likely helps you with cheap debt and without the need to chase high that normal rental rates.

For most people getting an LLC is relatively cheap. 

We have a tons of lots around here like the one you described, many of which can be bought for cheap and are not listed because there are just barely any buyers for such.

The lot I am looking at is near a Dam and the power in my area is super cheap.  

Some of the best BRRRR deals I have seen play out this way:You buy a home cheap enough that when you do a renovation and pull out 75-80% LTV, your rent covers your mortgage and you have returned most of your investmentThis is for A-B class areas. 

Defense was just something like I just wanted to buy a part of San Francisco for cheap, I wasn't planning to do anything sinister.   

All bulk and relatively cheap from Amazon.