It’s fenced and is only a few acres.

FHA does not allow you to do things outside of the home like adding a fence, hard scaping, retaining walls...   

It's definitely worth the trouble.

Plus, if the property is in a desirable location, you may have little trouble finding tenants.However, there are potential cons to be mindful of.

We have a local roadside assistance company here that charges only $15 a month for hassle free roadside help here at the apartments and around our valley for our student tenants  that may be new to car troubles and away from home!

Hi all. I'll preface this by saying i'm not a new investor. I've been buying and selling properties since 2019. Stayed afloat (barely) through the pandemic with NY properties so i've seen it all at this point. 
Looki...

A fence or a drive way is 15 years and a major appliance 5 years. 

So I'm still on the fence for this first one.

Ranking in order though...1) Prices will drop - 10-20% because the job market is getting tougher2) Salaries will increase - 3-4% per year to keep up with inflation3) Interest rates will drop - 100-150bps as people worry less about inflation4) Unfortunately, the dream of a house with a white picket fence will be out of reach for many, especially before the age of 40.

You're asking for trouble by setting a number.