I've bought homes that cheap too.  

Once upon a time, ranking a site was little more effort than buying a bunch of cheap links, monitoring their velocity, and making sure that you hit certain percentages of different types of links.

I find lower income properties present many pluses. 1. cheap acquisition 2. low amenities 3. multitude of willing and easy to replace tenants.

@George Fitz Yeah, prices have had a general downward trend over the last decade with the end of CAMP (the semi-militarized air raids on outdoor grows) in the area, as well as a ton of a ton of cheap, low quality marijuana grown by Mexican cartels, mostly on public land flooding the market.

One thing I will say is that you are risking a lot when you use a deed you found on the internet or some cheap office-supply form.

The answer is yes.This is not a cheap sale.

Either way I still have the ability to acquire a self storage building for less than $20/sq ft, which is cheap!

Also always wait until the tenant is out before you do any of that and send his safety deposit minus the fee along with the statement  to him by certified mail with delivery confirmation to his new address.

Find a cheap house, fix it up a little and get it rented.

It is cheap, well-made, small enough to be carry-comfy, and is available in 9mm & .40 cal.If that's still too big then you can check out the Ruger LCP.Ryan D.