A minor problem with one house that I'm hoping to rectify this month.

Rents go up, houses appreciate, your indebtedness decreases. 

My girlfriend and I are rehabbing a house and we have work set to begin in the near future.

But these are the people that will buy houses or be long time renters. 

If a house does have some rotten wood ( siding and trim around the windows and or doors , missing an appliance or two ( say there's no stove or dishwasher ) ......

They ended up bankrupt and foreclosed on and I moved somewhere else. 14 years later my lot in a town where building had boomed, housing prices were up about 40% and there was solid population growth had gone from being worth $28,500 to being sold for $19,000.

I would LOVE to develop this land myself and sell a house, I simply don't have the capital. 

That bedroom has access from the outside through a door built into the side of the house.

People told me the exact same thing when I was buying sf houses right after the bust. 

The house was a 5 bedroom 2 bath and now is a 4 bedroom 3 bath.