(for example the area we're looking at a house producing 100k in income asking 1.2million) when you factor in taxes, maintenance, cleaning, etc that barely breaks even or even looses a bit.

In my area there are huge swings from year to year, with some years being super snowy and others getting barely anything. 

Eventually either sell it or rent it out once it cashflows (current market rent would barely cover mortgage alone, but eventually would be able to cover maintenance, repairs, management, etc.)

The all pink bathroom, pink tile on the floor and pink tile around the tub.

Its location was barely a threat to the house even if it fell in the worst possible way, but my tenant worries about things. 

bare with me stuck in my house for next two weeks, so a lot of time to post and think...

No driveway, no culvert, no meters, bare land that need some cleaning up, some timber, tried selling half the land.

So, now that the real estate investing population has flooded the NJ mls realtors with "show me houses that cash flow positive" requests, the end result is, a flood of buyers more than willing to househack a property that the rent may barely cover the owner's property taxes and utilities.

@Naresh MaraghIt’s often difficult to sell bare lots, and there’s something to be said for controlling what gets built there.

You could pay cash for the lot and find it is a sanctuary for the purlpe-pink butterfly that no man has ever seen, or the city has a restriction that will not allow you to build the 2-story house you want to build on the lot, or 50% of the lot has some sort of encroachment for storm drains, or the soil won't support a house.It can take a year just to get approval for what you want to build and you need to pay for soil engineering results, plan check, etc..