We added value to this deal by doing some updates on the kitchen, electrical, and yard.

On one hand it's a good news that there will be new opportunities coming to Memphis with the new Ford Electric Vehicle plant. 

@Howard ThomasMake sure to hire a qualified inspector to make sure the foundation, electric (not knob and tube), roof, and plumbing is in good condition.

If the SM had a multiplier of 10%/year, and the RE had only 5%, if you did #1 above, you would end up with a return the first year of the following:     A - SM:  $120k x 10% = $12k;  New total = $132K     B - REI:  $600K x 5% = $30k;  New total = $630k...and, thanks to the power of compounding, every year after year 1, the spread between the two gets wider....in favor of REI.

We get occasional reminders from him about not overloading the circuits by over using power strips - which is surely done in order to accommodate for the pathetic lack of available outlets. 

Of course, if Boxabl if furnished for that amount, might be better...but just make sure the total budget includes permits and installation/trenching/etc needed to attach to your sewer, power and water.Good luck!

It's a power move and helps with the future negotiation.

It basically is as it has a wood heater, running water, sewage drain, and electricity.

Like iwill do all the handling from cleaning, answering to guests, bookings etc and I'll just pay my partner a percentage for letting me leverage her hosting power To run my airbnb business?

You'll have to pay for utilities (power, gas, water, sewer) if they're turned on.