If the property is worth enough for you to give a truck and $1000, (which is tiny dollars, admittedly) then isn't it worth checking to see the headaches you might be taking on.After all, if he's willing to let it go for so little, isn't it possible there are serious issues with title?

@Rob Fegan so problem with tiny markets is two-fold (as I see it): (1) you have very limited pool of competent property managers who will manage the property for you, and (2) liquidity of the asset is further constrained given that it's a secondary (at best) market, with a very short list of buyers, should you decide to sell this thing at some point down the road.

Funny thing is I called the agent about another property on the street with student rentals already there but the rent was very low since the rooms were tiny.

Just seems like when you're living in HCOL, owning/renting 4-5 homes in tiny cities in the midwest just won't pay your own mortgage. 

And agents are so scared of losing their precious account, they wont stray outside the 'FNMA agent handbook' even a tiny bit.

However, they installed what I swear was a little tiny kids toilet in my bathroom at first when I ordered an ADA adult sized one, they forgot a recessed 'picture alcove' that was supposed to be in the master bath when framing/drywall, and other small details like that. 

Fir Cedar and on the east side of the moutains Pinesome hard wood but mainly alder with a tiny bit of Oak.. nothing much else in Hardwood.So we of course have all the big dimension stud lumber mills.. they all have log buyers.. so we contact a log buyer to get their delivered log prices.. then we know that we can log for about 250 per MBF camp run to the mill.And then we know for example right now domestic fir is bringing 800 per MBF camp run which is pretty much an all time high... so we know there is a 550 delta.. now then you have stumpage.. the land owner will want a stumpage price for the logs which is generally about 200 to 300 per MBF  leaving a net profit of 200 to 350... now some will do all this for a 50 to 100 MBF net profit.. just depends on the stand.. 

I cannot compare my self with the big names of bigger pockets such as J Scott, Todd Whidon among others, but I am posting my tiny renovation, This house is not my first investment deal but after falling a couple of times and almost loosing hope I was able to pull it together.

This is the least desirable for me because it is in the least desirous area and on a tiny lot.

It will need a new roof, electricity brought up to code, hooked up to water and sewer, insulated, and heated.2) Turn the attic of the house into a 3rd bedroom with a bathroom (around 200 sq ft of usable space) and possibly a new staircase that isn't so steep and maybe with a separate entrance from the main house, if possible.3) Build a tiny/small home in the backyard (300 sq ft or less) and rent that out as a STR, but it would also need to be built to code and hooked up to water and sewer.Once I'm making a profit of some sort, depending on which option I go with, I'd like to start fixing up the main house.