You have to figure that out, relative to the potential buyers needs.3. 

It's easy for people to say it's a scam because they expect to magically make money and when they don't they ruin the possible experience for others.  

Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Now, you need to figure out how to find deals and pay for them.

. - The as is appraisal was for 275K,yet you are now expecting that it would be a reach to sell for 220K.

You'll need to get good at figuring out what each property needs on each deal.  

So we figured we start with a few Yurts to get started and add the Cabins when a builder can actually build them.

Once you know exactly what you are looking for it becomes easier to figure out the best way to achieve your goals.Just my three cents worth

Quote from @Blake Winiecki: Figure out how much you want/need to earn, then reverse engineer it to see what options are available. 

Then I put about $45,000 in fixing it up and I expect the appraisal to come back within the next couple of days at $240,000 or higher.