However long term appreciation will provide better ROI than pure cash flow locations.  

FHA-approved Lenders will likely not be fond of you applying for new low deposit loans for different primaries, every year or two, having kept your previous primaries as pure investments!

IMO, it should be priced closer to $120k from a purely cash flow perspective.Who will mow the lawn?

We are a pure real estate developer and development advisory company, in business for over 17 years, having developed over 1,600 units of housing and mixed use projects in the western US valued at over $900M of development value. 

This is not a situation I've been in, so I'm speaking purely hypothetically and not from experience.

Purely anecdotal, but we are purchasing a home from family with seller financing.

Bitcoin is a new emerging investment vehicle which at this time is running on pure speculation.

Or were they pure scammers, always intending to "legally" squat there until the system finally catches up with them?

@Donceletta Bellamy Are you looking to rehab pure commercial properties or just purchase and hold? 

So far I have been told by the fire investigators that it looks purely accidental and it was an electrical fire behind sheet rock.Meanwhile, I have one set of the tenants that is extremely unhappy (understandably so!)