Values can change dramatically within tiny distances in a city.

@Dave Foster points out other structures as well with more control, yet still produce attractive passive income. 

., 900 SQ FT is TINY, I live 10 min from there and will not touch it .36k gross so about 20k net, ( MAX ) all in 375k, TERRIBLE deal 4% net , again terrible

This months zip codes all produced an ROI of 7%! 

That full bath #2 is tiny and I can't stop looking at it... seems like a closet.

Best uses: Large estate with mother in law homeSmall development with 1/2 acre luxury homesTiny home communityOffice spaces made up of tiny home officesSmall retirement communityRestaurantsFlex warehouseCommercialThe property has approx 40' of Wilmeth Rd frontage.

A few quick items:Red flags / tips:- Seller not willing / able to produce a written lease.

So while they take their management fees, their incentive to produce is nowhere near what I would like. 

It's used to determine the cost of producing a product or service, and is a key tool for businesses to remain competitive and profitable.

I don't know.So for $56,000 dollars down plus (an estimated) $7,500 in closing costs plus another $5000 in furnishings, you get an asset that produces about $500 dollars a month. $68,500 / $500 per month = about 12.4 years to get back the intial investment.