I love the idea, and I've toyed with it as well, although I've never gone even as far as to figure out implementation.

The property is full of trash and neglected landscaping but it's a nice size, full fenced back yard, room for parking vehicles or toys, and surrounded by nice homes on both sides of the street.

At the end of the day the cost justification comes down to quality of life, it's a toy, like 90% of the "needs" we justify it's just larger so you stop to think.

Thankfully there will always be homes for sale that that will require you to flip a switch.Boggles the mend that the younger generation is so lazy and preoccupied with toys.

It's tough to compete with Amazon and most families prefer to pay rent before buying toys.

Alex thats ok for the questions.Background - new investorscope of work - new roof , add a bathroom down stairs, some drywall , paint, new windows, redo kitchen, no duct work for upstairs so add duct work for heat upstairs,house built - early 1900work done - by contractorcash reserve- nonehold for a year- if have to yes I don't have any mortgage or rent to pay and have a full time job in construction. finance- looking at getting a construction loan from local banktaxes, utilities- taxes are 1200 a year utilities would be minumal.the ARV is pretty acurate it sold for 97,000 in 2004 and a house like it is selling for around the 90's or more in my area.days on market- depends most are I would say around 120 days or more but some go quicker depending on the house.

Constant banging and rolling of toys across the floor.

when at garage sales, I bring a book to read at appointments that run tardy or at the shop vs browsing my phone, I lift/do work before gym class starts vs just waiting by the door, I talk to the older folks after their senior circuit training, I listen to podcasts in bike class vs the same old music offered, I sweep up and clean up after myself on service calls and usually address something else while there, I smile and listen and am genuinely curious about the other person in conversations, I have no consumer debt or shiny new toys or gadgets, etc.

I do occasionally toy with the idea of entering the world of commercial appraisal, but then I'm reminded of almost 8 years of 18 hour days.  

The tenant can sell or pawn his toys elsewhere and give you the money but there's no reason for you to be involved in that hassle.