The FMV of this house is probably along the order of 120-140K, possibly higher in the right market/buyer environment.

Banks are the worst because even when they know or have the opportunity to know, they always claim to know nothing, and no one can challenge the bank because of plausible deniability.

When it comes to real estate, all aspects, I am honestly a little nervous, but up to the challenge.  

Also, securing 100% financing that doesn't cost you an arm and a leg is going to be challenging.

If you like that pawn shop environment, don’t miss out on the fun to be had at USA.gov, which is where United States government agencies liquidate real estate and also other assets that have come under government ownership, such as airplanes, jewelry, art, vehicles, antiques and computers.

I realize I may only be able  to open up a few units, but would be a big help to the bottom line.My challenge is that every unit will need painting, new flooring, minor updates and repairs which, I figure two to three weeks of work to complete.  

Pure numbers don't look bad....And maybe look at some details like property condition (so no major outlays early for capital projects), your home base makes me think college, so are these empty each summer or is there mass competition for students (which can be management challenges).

This second vacancy has spanned nearly a year.I have been challenging my property manager for several months on filling this vacancy.

Depending on how much natural light the interiors for each room gets and the environment.

I absolutely love the challenge ahead.I have just signed up for an online course to get my RE license and I have to take leave and fly From Germany to the United States to take the test in person.