If it was in a great neighborhood you could justify it as being an asset that will appreciate over time but with a sketchy neighborhood you are praying and hoping and that’s not a solid strategy especially when the ac goes out or a big plumbing problem or a needed  roof replacement 

I would like buy and hold for rent, and the numbers are:Purchase Price: 59.900€ARV: 70.000€Closing cost: 8.000€Rehab: 2.000€Annual Taxes: 480€Down Payment: 30%Loan Interest: 2.6%Years: 30Gross Monthly Rent: 450€Monthly Insurance: 65€Other Monthly Exp.: 20Vacancy: 5%Rep.

Maybe your insurance covers this? 

Hire a bonded, insured landscaping company, increase rent or add fee.3.

And cross your fingers Make your insurance is paid 

If so, you should contact the insurance company.You will likely receive a check from the insurance company made out to both you and your borrower.

I’d like to start requiring renter’s insurance as part of the lease agreement.

The Title company did all the work with a warranty deed and Title insurance. 

And reassure them by doing things like adding them on the insurance policy (and you send them proof before funds are sent over). 

Just lighting, plumbing, toilet sink install, and a shower stall install, plus doors and walls?