Jewelry shops, Craigs list and pawn shops.

Sounds like a typical one-story 1500-1800 sq ft rancher, so I would imagine at the very least it would require $2500 to paint the interior, $2000 for new carpet/vinyl, $1500 for faux stainless steel appliances and then another $500 for things like cleaning, new door knobs, smoke alarms, new registers/returns, new outlet/switch covers, etc.

As you noted you will need an appraisal, however I doubt a bank will accept jewelry.

Luckily the kitchen only has a single layer of faux wood grain vinyl plank on the concrete foundation.

She sells jewelry and I tell her she should wear a bright scarf and clients will never have trouble remembering who they worked with in the past.

@Eric Munson  that's about right on price and rent might be a tad high based on my lending experience in Deltona... most wholesale deals are 40 to 60k but those are 3 bds and same vintage of course.. but the 0% and no money out of pocket are a super way to buy.When I had my unfortunate experience of ending up with a couple hundred SFR's that I foreclosed on I sold many of them with 0% interest.. of course we got monthly payments and higher than normal the homes were negative cash flow for the buyer but they were free and CLEAR in 3 years... so it was a win win

The art and jewelry schedules are occasionally more valuable than the house.

the 2nd association it resonates is the highly consumption-driven society we live in. in my area (coastal, urban southern california) i'm surrounded by 2 distinct lifestyles. there's the majority: seems like 95% of the local population who are renters, driving luxury cars, sporting fancy clothes, jewelry, hairdos, etc but obviously living paycheck to paycheck as exemplified by hardly a day somebody or the other is spotted  getting their car repo'ed by a camera crew. the rarer are the landlords, who in this area seem to be of mostly asian demographics (chinese, koreans, japanese) who live obviously very frugally: old 80s model sedan, oldfashion business cloths, always eating simple meal from home, seemingly never splurging $$$ other than into expanding their portfolio), my observance is relatively very few landlords in the area own relatively huge portfolios, each.with the advent of these infomercials and the internet (ie, BP) more and more people want to get a 'piece of the REI pie' and more power to them. there does seem to be this dream of rags to riches and while its ok to dream, do most people actually expect their life to turn around like that, as portrayed in most of the infomercials or even in the everyday setting where the masses living paycheck to paycheck, are spending their last expendable dollars not on depositing into savings acount, but blowing $20 on scratchies etc. in summary, is my observation reminds me of my days when i worked on wall st and the 'ra trace' was so obvious with dime a dozen stock brokers makin 6fig salaries at some point but blowing it on recreational drugs apparently costing thousands of dollars a pop to the point the next week they are broke again and that $ wasnt invested but wasted.  

They are 80's vintage but in good shape, water is landlord paid.All of my properties are in a smaller town that doesn't really compare to something like KC though.

@Steven Kleppin  any vintage home will have an inspection report that will scare you if its your first time buying.