Would I prefer not to, yes.  

If the numbers don't tell you no, find a way to get to YES.  

He is totally retired living on the Florida intercoastal waterway with all the toys and lifestyle you can imagine. 

Here are two of my favorite lease clauses that should help you. a.Landlord informs the Tenant that the sewer system of the Premises is not designed to accept many types of items, included but not limited to, paper diapers, sanitary napkins, tampons, and children’s toys, balls of hair, grease, oil, table scraps, clothing, rags, sand, dirt, rocks or newspaper.

However, there are plenty of ways to make money buying such cheap property...it depends on who you ask but starting out I suggest going for an easier location to deal with and after  gaining some experience then toy with a more "challenging" area.

I purchase a toy gun.

You tilled and wheel barrowed all that dirt in 5 hours ............at your age . ( I am 53)I start chuckling and said there were no "guys" just me and walked him around back and he saw the tractor ,  Hell no , I like big toys .Then he tells me he was getting prices from landscapers in the $ 3000 dollar range and they told him it was a 3 or 4 day job.

Let's say you waited until after the tenant moved in to take care of that tree and their car is parked in the drive way or in front of the house, or has toys on the lawn, whatever, and a limb, whether big or small,  falls on their property, bingo you've got a lawsuit.Tenants may say they had to move due to you doing the repair because of the smell or the dust going on or the inconvenience.

Like a toy box with parts and train cars of different size trains, you can pull parts out and build your train set, but only certain tracks and cars will fit, you can't just use any part and make it work. :)    

Hi @Patrick Toy and welcome to BPSeems normal, I checked into a few companies when I first moved to Vegas and they wanted 8% to 10% and then I think the rental fee was one month's rent ($750 to $850 for me).