1) Life style of choice.2) Income to the grave.

He says I may have to adversely possess property under color of title for 7 years.This is my first in rem sale but have purchased many mortgage style foreclosures and have never had a problem getting title insurance.  

For those not familiar to Value Investment, it is the kind of investment style that Warren Buffet does where you analyze balance sheets, annual reports, dividends and stock price to figure out intrinsic value of a company in order to find a stock that is undervalued and can potentially grow over time (you can expect around 10% returns). 

This property is a ranch style home and has a little over 3600 sqft).

The housings come in several sizes, the most common by far is 6 inch, followed by 4 inch for some applications. 2, The "trim" or "trim and light" ($5-$40+) which you install in the housing, usually after painting is done, come in a huge variety of styles and features.

I assume it is investor oriented, as you are posting on BP.

Many of the trades do not run crews so the project price has to support the main guy and his family and life style.

There is no investment here, so this is really a life style decision.

Typical ranch style with desert landscape.So as a rental is $145,000 a decent selling price point?

and it seems that the variable cost of heating in the winter is chewing up the potential profits of most multi family properties on the market, so originally my plan was to invest and hold onto small two or three unit multi family properties, but now it seems like small single family homes, I'm thinking ranch style, are maybe better because it's not expected for me to pay any portion of heat, and if the property is on the smaller side it would be easy for the tenant to heat.