Broken bathroom sink with 4" hole in it. 

It is because the Federal Reserve and Federal Government may not be able to utilize their standard monetary and fiscal remedies for inflation or unemployment as effective bullets against stagflation.

that @Robin Simon mentioned filled in a huge hole.

The second cause, and one that is not used as frequently, is essentially a monetary lawsuit. 

Of course consult appropriate legal and tax advice, but generally speaking many investors start with buying a few before going down the rabbit hole of LLCs.

Texas  Mississippi are notorious for expansive clay soils.. its more than just Mortar if the foundation is off.. if its a slab they have to cut holes in it and put in piers and jack it back up to level.

I also went down the 203(k) rabbit hole last night and from what I can tell, they will allow you to claim 75% of anticipated rental income but that information was just from a Google search. 400 to 500k does not get you much around here unfortunately.  

This is where you can go down the rabbit hole of where to find these deals…different philosophies and what is even realistic ect…this is super market specific and a whole conversation of itself….however still very possible as this is how I started out.

Only way to circumvent the heinous City of Chicago Demolition Inspector [a-hole] is to hurriedly commence to do the following: FORM YOUR TEAM!

I ended up in a debt hole since the program cost me about $8000, then they introduce you to Prime corporate service to do your taxes for another 2k and then set up your business and registered agent stuff for another 2k.