Probably in Greeley, CO, in the $180-210k range.  

As well, it may require the outlay of some cash for the purchase of income-producing assets, like a coin-operated washer and dryer. 4.  

i agree with @Chris Bounds on this. look at it from the other side of the coin, how many "investors" you think try to get on these mailing list and never even had the intent to buy!

I have wanted to buy something in this neighborhood for a long time.I have networked with someone who is recommending setting this up as a rooming house, no leases but billed monthly (not weekly).Here's how it pencils out:Purchase price: $100,000 // +$5,000 for conventional mortgage closing(An identical duplex on the same street recently sold for $123,000)Initial renovations: $5,000Rent:$500 x 8 = $4,000/monthIncome - Coin Laundry:$200/monthTotal income:$4,200Monthly Expense Breakdown:Debt service: $800 (P/I/T/I)Management: $400Repairs: $400Capex savings: $400Gas: $150Electric: $150Water: $150Internet/Cable: $150Vacancy: $750 (planning on 1-2 rooms empty a month)Total monthly expense:TOTAL: $3,350Cash flow:TOTAL: $8,500QUESTIONS:1) Do these numbers seem conservative?

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(not specific properties, so I don't get paralysis by analysis, but more of what I can afford, how to structure deals when they come to me)Flip side of that coin is three units (even if multiple single units) is when one is vacant you still have 67% occupancy. 

One added income thing you can do is add coin laundry.

It's a coin toss as to which way any given tenant will go.4.  

Depending on the economics of the area you could be looking at subdividing and hopefully getting anything from a pizza place to a coin-op laundromat.

I liked the term and wanted to give you credit for coining the description of the event.