Worse yet (for my property) they’ve been smoking in the house as is apparent from the faint smell, and the ash tray I had to step over, and the battery taken out of one of the smoke alarms.

Do you know that the units are clean and don't smell like cat pee or trash everywhere or a floating unflushed huge turd in the toilet or that they have the heat on & no homeless vagrant in the lobby etc or other things that might really turn someone off?

One wouldn't expect Abilene to have issues with flood zones since we're nowhere near any big bodies of water, but if you've driven around town while it's raining, you know! 

And now you have a 24% cash on cash return.Rent the other side and this goes up SIGNIFICANTLY.BUT, this really has the smell of a slum property.

It could be a pit, foul smells and all, and it's gone in a flash at full asking - just because there is almost nothing under $180k left to buy anymore.In fact I am starting to wonder if maybe now we are seeing a small resurgence in townhomes/condos at the lower price points as well... people gotta live somewhere. 

I walk by there all the time, it's right down the street from meAgreed on the barn doors- they do not contain sound or smells..How long did this sit on the market after being built?

The databases often have inaccurate or outdated home information, and are not able to take into account value-heavy features such as floor plan, neighborhood, exterior appeal, interior flow, kitchen and master bedroom space, interior light, ceiling height, yard appeal, proximity to features that are positive or negative (park vs. apartment building/auto body shop), plus condo dues, amenities, and/or litigation status, along with many other things. 

While most don't understand how to meet future underwriting requirements to get a lease-option buyer to closing, we still have that population in RE that doesn't care and seems to think taking money is what business is all about, some out there don't have an ethical bone in their body.

A lot of buyers are sharks and when they smell blood, they attack.

You know that you have a serious issue when you walk in the door and see everything covered and you can smell the mold.