Purchase price: $1,800 Cash invested: $1,800 This beautiful is valued at $170,000.

One of the beautiful things about real estate is that rental income is like dividend income and NOT subject to FICA. 

beautiful reno!

Of course its beautiful there but I have yet to spend time there during the winter months - which looks like a nightmare :-) Regardless, we definitely see the potential.

Quit claims are fine in some states in others you will have a problem insuring them going further.If there is hair on this you can take title by quite claim deed and use it as a rental but will probably not be able to sell it or finance it.so if its cheap enough and your keeping it as a long term rental then quit claim is fine. 

It doesn't have to be professional or beautiful or polished. 

I have completely remodeled it an its beautiful. 

-The house in question is on a beautiful oceanfront property with private beach (just outside Halifax, Nova Scotia) but is an old house (80+ years).

I have a small natural hair studio (which was discussed prior to renting with the rental office), and things went well and I was offered to enter a new lease for 15 months ( will start on the 16th).

You have turned an eye sore into a beauty and have bought value to the neighborhood.It’ll sell, don’t worry; just be patient my friend and you’ll get the right buyer.