Buyers can barely afford the house and down payment and an agent will advise them that you stand to make a profit on the sale and could put up a commission.

I think the best thing would be to take legal action because he says there is very little to give back even though barely a third of the job is done.

Let’s set expectations, rental properties are a 10+ year play and currently generate barely any cash. 

when it was built it may not have been required Exposed wiring is not a safety hazard unless its bare wire . and a GFI is easy to replace .S traps were cade at one time , they are not now , but the house only has to be up to what the code was when it was built .Bilco doors , hard to say , but they are about $800 to buy .

A few hundred bucks a month in cash flow day one (but not much appreciation over time because you have to buy in a worse location to get that, your property value might increase enough to just barely keep up with inflation or may even be negative because these markets are historically boom/bust)or 2.

Another area i've been excited about are the the towns along highway 2 heading towards Stevens Pass (Gold bar, Index, Baring, Grotto and Skykomish).

Besides, you need to know more than just bare numbers.

Those most at risk will be first time home buyers that don’t know what they don’t know. and can barely afford a down payment as it is.

I manage two and one barely nets over LTR the other gets +50%.

Imagine this: dirt roads with massive potholes, jungle on one side and im paying almost $100/night and barely any hot water, the water in general is dangerous.. but foreigner yuppies like me everywhere walking on the road.. breakfast place La Paleta or sthing is full of ppl and theres dogs trying to chip away at your food, other side of the road major contruction happening 2 large condotels/apartments are being built.