That equates to $1800. 62% of the American public doesn't have a $1000 in savings!

I can enjoy my time and do it part time and live the dream so that's part of the equation as well. 

They soon come to understand that wasted water equates to higher electric bills and that is a double win! 

Intel had a well publicized layoff .. and is the largest employer in Oregon.. but like this.. there employees are spread all over it equated to 600 jobs.just a blip really and not an economy changer..

The share holders own x% of the corp entity which equates to one unit so in a dissolution the % is exchanged for the unit and no gain is recognized.  

There must be a piece of the equation that I'm not getting.You mentioned that the owner bought the house for $105,000 - was that the price he paid for the property or is it the amount of the mortgage that you're referring to?

Yes, all those items as well as vacancy go into the equation.

This attracts a lot of out of state investors who think that the low barrier to entry and high tenant pool equates to high cash flow at double digit rates as it would appear on paper. 

How am I to put that into the equation?

The complexity of turning a shell of a building, with what looks to be outdated mechanical systems and structural elements that most likely needs updating, as well as any city permit/planning elements are part of the equation that you have to consider if this is worth the risk.I know I will get flak from members of this forum.