We went to look at it toward the middle of March 2015 and there were holes in walls, missing fixtures, odd electrical (the wiring for the back porch light and exterior outlet have been pulled into the master bedroom), tiles missing in the master shower (green plastic was duck taped across 2/3 of the surround so they could use it anyway), and cabinets missing that were not that way in November when it was listed with our Realtor.

The outside is complete and the inside is framed with electric, plumbing, and hvac finished. 

Is the slab insulated (underneath) and heated (hydronic or electric in-floor)?

The property has a new HVAC system and new electrical. 

To help responders you should illuminate the type of plumbing, if the electric is knob-and-tube, etc.

But apparently there isn’t a home on the land... instead a garage with water/electric?

I do a lot of work my self, but on plumbing and electric i get a pro.

IE rent is now $50 more per month, but electric is included.

Matt Coffin with MC Home Services  I have worked for him for a year now as an electrical contractor and he has been very transparent and honest.Kent Lord with Lord Electrical Services Direct message me for details if you would like.

Purchase Price: $425,000Down payment: $100,000Financing: Seller financed, 5% interest, 30-year amortization, 10-year balloonAnnual rental income: $64,620; increases to $68,220 after the $20/mo. increaseTotal Annual Expenses: $48,200 Electric: $600 Maintenance $1,200Sewage: $2,000Insurance: $3,500Capex Reserves: $2,100Vacancy: $2,100Mandorty debt payments: $20,940Taxes: $15,760Net income: $16,420; increases to $20,020 after lot rent increaseThank you!