It's also a good way to get nailed messing with a bank in foreclosures if you don't have funds to buy.

@Daniel Pichardo I think @JingJing He hit the nail on the head - its all about your priorities.

I think you kind of hit the nail on the head with "you get what you pay for" with low cost construction.

Just a couple of nails at this point.  

I'm a new guy, my first property isn't even ready to advertise yet but I'm trying to nail down what I want my policy to be, right now pet policy. 

You've nailed it, EXACTLY, here.Most of us here bought prior to the peak of 2022 which makes it difficult to be objective.We can sit here and say our $600k house with a 3% interest rate did $120k gross in 2021 and is on pace to do $130k gross in 2022 so we're not even seeing a decrease. 

The tenants ripped the door off the closet and nailed it across the bedroom entry where they raised dogs.

I think over all this last paragraph nails is.

@Aaron Xie @Joel Owens  hit the nail on the head. 

I do my due diligence prior to offering on these type of properties and factor all of that into my offer....but I often get outbid by those who have no clue until they try to rent them out and code enforcement nails them and the city orders a utility disconnect until it's resolved.