renter sucked...didnt pay.... cost me a lot of money blah blah blah.

Just turn it off before it renews and that's all it costs you.2.

Personally 0- but I have been through quite a few low cost renter trashed units for sale.

Partner Driven financed the Owens Creek Rd deal using its own capital, covering the $250,000 purchase price and $20,000 in renovation costs.

In short , any rate/currency hike is causing liquidity crisis causing delay in ground up project even for project that was approved 2 4 years before the rate hike…. plus build costs/  profromas run 3 to 4 years ago are wildly in accurate

You can use an FHA loan with 3.5% down (That’s $7,000 cash out of your pocket) Then there are closing costs of a couple of thousand dollars.

I've seen burnt out units that didn't cost $35K to rehab. 

And also maintenance labor costs are up 30% to 50%.

The market rent puts all three together at approximately $2900 monthly.Now here are the details and costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP. 

It costs maybe 25-50 bucks per month and the servicing company will provide all of the required documentation for their new lender.