Ask him questions to make him think outside his narrowing perspective of pizza delivery and mommies basement. 

I was pretty sure it wasn't a buyers market there yet so figured it was just a frustrated buyer wanting the band aid torn off quickly!!! 

If you are using an agent to find a $50,000 house, then it likely will be in more of a C neighborhood than a B and rent should be in the $600-$700 range.

Would love to learn more about your goals once you narrow down your focus.

First, find an outlet at home that you trust and plug one prod into the narrow slot and the other prod into the wide slot.

I live in CA and have narrowed it down to these 3:1) Phoenix MSA2) Colorado Springs3) Reno/SparksIf anyone has any advice, opinions, or connections in these markets please let me know; or simply just let me know which one you would choose and why.Appreciate all input, thanks!!

I've opened the floodgates of information, so narrowing down my niche is difficult.

Now knowing these things it helps me identify homes that fit my goals a little better and narrow the search.

It sounds like a fairly unique property so it might be hard to get an accurate ARV, but still, you need to narrow it down a lot more.If you're hellbent on going for it.

Treas Reg Sec 1.168(i)-4(b) and 1.168(i)-4(c) apply.If OP's RE asset has been personal use for the last 4 years after being a rental for 23, I imagine she has a decent amount of improvements that need to be capitalized into basis.