I can put a combination lock on it but wonder if that will satisfy his requirements?

Lots of skinny deals, overpriced vs. sqft/layout, bad street, or a combination. 

Purchase price: $189,000 Cash invested: $15,000 Welcome to the crown jewel of Center City, Philadelphia—a standout property in my investment portfolio that perfectly combines elegance, location, and profitability.

Whether it's real estate investing or running a small business or a combination of both, I just know I want my income and financial stability to stop being reliant on a boss or corporate entity.I've got a couple of interests that I'm flexible on. - Long term residential rentals: Primary interest to start building.  

. : )If an investor is looking at STNL 1,500,000 and below they are going to be looking at a lot of crap.

PAL rules have a curve that drops to zero at $150k of combined income for couples.

I opened my account on Aug 15th, and during the last ~3 months, my portfolio has gone up by a combined 1% (appreciation and dividend). 

The mineral rights don't bother me as much as them being combined with the surface rights.

@John Davey With an AGI over $150,000, all rental income and losses are bundled together and cannot offset ordinary income due to Passive Activity Loss (PAL) rules.In your example, the combined $3,000 net loss (from rentals 1, 2, and 3) is carried forward since your AGI is above the threshold.

LTC/LTV also lower which combined with depository relationship makes borrowing even more capital intensive.