Based on not having water, roads, etc. you could still do a tiny home or RV space there if you put in electrical hookups and a septic tank.

This is a business where you get out whatever put in, and can be very rewarding! 

Most brokers will want to protect their exclusivity on an off-market deal, as they put in extra effort to source it directly for you.3.

If you don't have a ton of cash, you gotta put in more effort.

My mentor always told if you surround yourself around successful people (its contagious) and if your willing to put in the work you will get there.

The other thing I often see is that over time, different homeowners/contractors have decided to DYI adjustments to their home aka took out walls, didn't shore things up properly, put in new doors, etc.My point is that what you are seeing is not abnormal for older homes. 

Pretty much any way I can add value I will do it even if its a 50k house that will require that I put in hours and hours of work because investor clients are typically return customers. 

First, if you're getting $75/month in CF ($9k/yr), and you put $110k in cash in, your CoCR is 9%, not 9.5%.Second, and this is the number that counts (% mean nothing, and will lead you to illusions), if you're getting $9k in cash back/year, and you put in $100k in cash, it will take you (if all goes perfect) over 11 years to recover your cost (cash). 

Then he advised me that If I rent to so called "these people" I need to put in animal cages.

Then, before buying anything else, make a list of all the learnings you got from this experience, and then list the systems and policies you'll put in place to ensure you never do this again!