Such properties often turn investors with good intentions into slumlords, cutting costs increases profits but later on it can cost you in various ways, city officials, legal issues, insurance can go up, quality of tenants goes down, a property can become a liability.

The only things I did was cut up a tree branch that broke, and paint the outside of the house. 

I am struggling with this now because I took a new position as an assistant property manager to gain more experience but at a pay cut.

More risk, but also more opportunity when its not so cut and dry...

I have put in writing that any and all improvements will stay.I am struggling with this now because I took a new position as an assistant property manager to gain more experience but at a pay cut.

If I am unable to sell and need to re-list though, I am afraid holding costs will really start to cut into my profits.

We have been doing this for about a year and a half now and we have been cutting our competition off at the knees....

If you end up buying a $675k property, $500 rent is just not going to cut it.

Owner occupied, rent the other half to see if I am cut for the landlord business.

The dog barks outside and neighbors do not want them so tenants hide inside  and the dog tears up the place trying to get out.250 doesn't cut it for a pet retainer.