And "cheap" is a thing most seen and realized looking back.

She already backed out and she admitted she has no right.

Last year was back to earth; a glut of available properties drove the rates down for everyone and a drop in visitors also increased vacancies.

When you get a call from mulitple tenants that the toilet is clogged and you have to unclog it, try getting your money back.

We plan to come back live in it the other 6 months, fix it up more, repeat that process until we can find another deal that makes sense for us. 

In the meantime feel free to check out a post I did a while back about Cost Segregation - The Basics (biggerpockets.com)

I don't anticipate things to be that bad this time, but the value dropped over 25% back then and we are unsustainable at the point of the affordability cycle we are at now.You basically will be buying a monthly debt, speculating the value of the property is eventually going to go higher than you bought it for.

In fact, some of the best opportunities in real estate come from properties that others overlook—distressed homes with potential that just need the right investor to bring them back to life.If you’ve been in the game long enough, you know that distressed properties can offer huge upside, but they also come with their own set of challenges.

Want to repeat what @Mike Terry said for the people in the back. 

My family makes a joke about how those items aren't "Nickproof") At this point we decided to call it and come back tomorrow.