View report*This link comes directly from our calculators, based on information input by the member who posted.I have an opportunity on a cash buy and the numbers look exciting, however the previous owner seemed to use the property as a storage facility and it is DISGUSTING!

Personally I would look to storage and mobile home parks first, primarily due to the single tenant question. 

Three things that would concern me if I were in your shoes.1-$30,000  would almost re hab another property in bad condition.2- Make sure the inspector does a really good job.3-Have owner or seller give you a one year warranty on property.

@Eric Weldon-SchillingThis post seems like it should be on Facebook you probably won’t get much empathy here from landlords.Personally I wouldn’t want to go to court if I were in your shoes.

Last month I bought a storage facility for the price of two houses and I project it will cash flow more than 25 houses.

I would have started cleaning up the common areas first and let the tenants know that going forward leaving messes in the common areas or using them as storage was unacceptable.

I thought the syndications were for accredited investors only but after looking up the 506b offerings, it looks like I could invest as an unaccredited investor if I have a relationship with the syndicator.By listening to BiggerPockets, I think A or B apartment complexes or storage units could be good investments. 

The other two units i use for property related workspace where i keep all the tools and the other unit is pure storage for tools and supplies that im using to restore the damaged property.

We do self storage but here are the checklists we use. 

@Matt Meyers I was in your exact same shoes when I bought my first house at 21.