Based on rent of $1,695, I think you'll be lucky to get an appraised value of $160k with a CoC return well under 2%.

It also did not have a pool like your property so that would probably lower the desirability as well.

Different areas have different metrics that decide how well they are doing.

Well, a large number of our members are rental home/apartment investors but there's plenty of other RE opportunities out there. 

And then you argue with me saying that I don't know all the details (as in, well, these days even a man can get pregnant.)

(well you said "negligible".

Quote from @James Jefferson: Hi, I have a family member that had a reverse mortgage on their property it's a 3b 1b 1 acre of land heats by oil no hvac and on well water.

I know a lot of investors have done very well in Peirce County but I just haven't learned or know enough about that market to make an investment there.Washington state properties are expensive and can be difficult to make breakeven let alone cash flow at this moment due to the combination of high prices and interest rates. 

It is rather confusing, and I would have your attorneys go through it as well if you decide to proceed.Gino

I have a few friends that do MTRs in the Denver area and they are doing well.