Risk = Reward and generally they never bring in the cash flow that is touted over the long haul might be good until the first annual inspection by hud.. or hud tenant moves on etc etc.The people I see succeed at these price points are usually locals who run these for a living not investors looking for passive income.. so depends on what kind of investors the OP is

Are you in it for the long haul?

If so, you can file for an overstay eviction right now.If the U-haul is in the driveway, it would probably be cheapest to wait them out.

Over the long haul your Lakewood tenants will cause you less problems.

I don't think anyone would have taken these cars without charging a big fee to haul them away.No, the only thing tenants ever offer me instead of cash for the rent is a big empty promise accompanied by an even bigger lie.

You still need to know the market, financing issues, tear down and hauling off issues, and new construction.

One day (soon) I am looking to get into rental properties for the long haul.

If you're in this for the long haul you will have to eventually buy expensive roofs and boilers.

I own three investment properties at the moment which are held in my personal name and I plan to hold on to for the long haul, primarily for my retirement.  

Talk some strategy, I am here for the long haul.