Later I was able to buy the vacant lot between for a grand total of about 2.4 acres.All the houses are in bad shape.

Is this a good or bad idea?

Lots of other people had bad experiences. 

Although we do have deals on the lending side that dont work but we are not forced into a position to take big loss's like we were when the banks were calling our loans.. this will happen in the DSCR world as all these folks are using same type of debt IE debt that can be called based on the terms of the debt or like you have seen with the syndicators that are talked about on BP max leverage bad debt things dont go right And you have cap calls or projects totally lost. 

no one killed that we know of so far but several injuries and a few neighborhoods hit pretty badly. 

I used the think lowering the price would attract "worse guests" but I have experienced bad guests at all price points. 

We haven’t even talked about the lack of ice make which is probably just as bad.

If you fully understand the process, the potential for profit can be considerable but if you do not, it can be bad - real bad.

What we really need is a single internet "bad tenant" list to warn each other.

I shook my head the entire call until it concluded.My experience was just bad.