Costing just over $10,000 and recovering a 150% return on investment, this is a great curb appeal investment.Minor kitchen remodelMoving indoors, a minor kitchen remodel costs an average of $27,336 and recoups about 86.7% upon sale.

So how come the price went from 100k to 1000k in 35 years.Simple because 11% of the supply keeps changing hand in auction style where the bid going higher and higher.

I find it interesting your style of confidently assuming the future, then impulsivity based on that assumption.     

Go to meetups in your area to meet other investors who invest in Section 8 rentals to see if that's the type of property and management style you want.

What is your management style - hire PM or manage yourself? 

Another thought is converting my Cape style home to a multi family.

Olu - Assuming the geography and style/type of building fits your criteria (others have made comments that you should consider) the other part of this discussion on whether this is a "good deal" is the ability to increase the NOI of the property over time.

Lol, 'the 70s were a weird decade fo builders and the lack of any particualr style is a setback as well.

I, instead, invest in midwest markets (Memphis and Detroit), mostly doing BRRRR style purchases.

Indoor hot tubs do not have the appeal that guests look for when they go to this market. 2.How to run the hot tub without guests for a few winter months (avoid headaches)?