For buy and hold, it makes perfect sense, you would be the first of the many I've talked with to tell me I'm wrong with this assessment.

Expect mass layoffs as the construction industry tanks.

It is, however, perfect for the rental market where we live due to its location and specs - these are some of the reasons we purchased it. 

Also, the cistern water tank in the back yard that supplies the whole complex is a huge flag that screams management has a hard time making good decisions. 

Biggest mistake I made initially was buying a home for 130k - it's a good home but there's only a small pool of tenants who can afford the rent I'm looking for.If you're thinking of buying a rental for cash flow purposes, please don't spend more than 80-90k on you first single family home - I promise you will cash flow much better and have a much larger group of (perfectly fine) tenants to choose from.I also don't recommend buying a home for less than 50-60k, as that will just cause too much tenant drama/repair headaches.

What we found was some title companies were perfectly happy to insure the title, presuming the foreclosure case was tight and everyone personally served.I'm sorry but I can't think of the underwriting company's name.

Sharad Meta on this site hit NWI at the perfect storm saved like the energizer bunny on his and his wifes salaries and now owns about 50 homes free and clear.. now that is something to talk about all in the last 8 years.. talk about cash flow.. 

@Adrian Chu Says it perfectly: asking price is not necessarily an indicator of market price.  

Originally posted by @Jason Hirko:D neighborhoods - I replace the grass with gravelThat's perfect!

@Lou Ruggieri,alternative thinking:-clean basement floor to perfection-waterproof membrane/ couple layers of exterior grade paint (encapsulate any asbestos dust)-exterior grade carpet : because you are up north/cold floors; if flooded, can be taken out, disinfected and hosed out, dried out, replace backalternative thinkhing2:-clean basement floor to perfection-waterproof membrane/ couple layers of exterior grade paint (encapsulate any asbestos dust)-treated 1x1 (as "ribs"/"joists")-lay exterior grade plywood/ost on top of it-floating floor on top of that: preferred here is Allure LVP from home depot, but many available from reputable manufacturers; probably floor needs to be rated for under grade/basementsortile everything and provide rugs + non-slip underpads