If I'm starting with a bare mattress, I buy the 2 pillows, a mattress pad cover, and a "bed in a bag" package. 

Hi Austin,Oh-dark 100--man goes out and gets into PU truck.Boot in the step up, slides in, fires it up (no diesel in the coldest of the cold places)....Inside the cab is Ice cold, the steering wheel cannot be touched with bare hands--coffee thermos by his side.Key in the ignition--ding ding ding...and Vroooom the large V8 comes to life!

ARV on what bare land with installing utilities or SF house needing 5k in work and you are getting it for 450k?

If you're a barely enough capital type of guy that happens to get a deal done and you decide to hold, you will be stalled until you have the money for another which can take a while but if you sell the first and net 25k let's say after everything is taken out then that's 25k more you have now and look for another deal - your capital has increased and the second deal will be easier than the first. 

@Brian Sigrest  I was curious as to what your thoughts were regarding this:I had run into a real estate attorney who had mentioned that in his mind a $1MM policy for an SFH property(regardless of size) was the bare minimum, and then had commented about having an umbrella policy of $10-20MM, which I thought was crazy high!  

I am seeing listings with 6-7% pro-forma cap rates but with debt servicing, it sounds like you are barely plus on cash on cash return.

They are barely making ends meet and will struggle in a economic downturn.  

If you can find a deal that pays your monthly mortgage payment cashflows a bit that is a good start and I would suggest the bare minimum.You can do this with only 3.5% of the purchase price for a down-payment, which can also be a gift as well.

Utilities are on, but otherwise, it's a bare house. 

All my REITs barely budge or even sometimes go up when the rest of the market dips.