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. 

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.  

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.   

They buy up lots in nowhere that you can do nothing with and then act like they've been liquidated by the government so they can sell them off supposedly cheap.

All bulk and relatively cheap from Amazon.

I worry about a renter with a good rental history being to cheap to put anything in but his grandmas avocado green range, cause it still "works".Not providing appliances in my area would also be a bad plan causing extended vacancies.

If you're looking at Cleveland from LA, everything probably looks like a great deal to you since everything out here is so cheap.

Cheap hands off legal ADU garage conversions in coastal So Cal start at ~$120k (if all goes well).  

The goal is never just to buy cheap and hope.. it’s to buy right, position yourself for growth, and do it in a way that you won’t be kicking yourself over a couple years down the line.I’m not saying it’s all going to be smooth sailing; real estate rarely is.