There were houses like that at the area of the city called "La Isleta".For some reason many people like to live in Ciudad Alta, for instance, La Minilla, which is, in my opinion, overpriced, or at some landmark building, like the Sol y Vistas building, which I find overpriced too (and some apartments do not have a great layout really).Siete Palmas, near Negrín Hospital, has some nice buildings too, but it is a bit disconnected from the city.

Check out @Soli Cayetano's (aka Lattes & Leases) program

Brandon Solis and I have monthly realt estate investor meet ups.

It was barely over $4k installed the next day. 

For the locals to grind it out to eventually bare fruit it might have been worth it to portfolio average their holdings concentrated there. 

I got my licensed through TrainAgents which is also an online provider...I would only recommend it if you are extremely self motivated since the material covered in the course is as close to the bare minimum as possible and I spent a lot of time researching practice tests on my own to prepare for the exam

That is my answer to your question about whether or not you should provide the bare minimum and nothing more.Jennifer

Purchase price $100,000Down payment 20% is $20,000Commercial loan with 20 year amortization at 4% interestPrincipal and Interest is $485 per monthInsurance $50 per monthProperty taxes $150 per monthRepairs $50 per monthCAPEX $50 per monthVacancy $50 per monthProperty Management $80 per monthUtilities $50 per monthTOTAL monthly expenses is $965 in this exampleIn this example the deal barely cash flows using the 1% rule.

Well, I wouldn't buy a property that barely covers the mortgage, but I am definitely loosening my standards. 

At least when I had my quotes they barely paid anything out because my roof was too old in their eyes.