Combine 1&2: a deep pocket needed to start.   

I guess you could look at it as a forced savings.. if it broke even and your renter paid off your 75k house at the end of 20 years or so you could sell it and get 75 to 80 out of it.. well that's not the end of the world either.. but like we are discussing positive cash flow is the reason to buy assets in a no appreciation to slow appreciating market.

I own a couple of lots that Im curious on how deep they are.

This may be due to an outside faucet having a small drip as I doubt any tenant has ever considered tossing a cup of water on them.Their other benefit is that they are slow growing so even after all these years they do not require trimming back.Gail

I decided to list it on MLS and LoopNet to see if we could get some offers, but I knew that would be slow so I'm trying to figure out a different strategy.I've been emailing the Real Estate acquisition people for truck stops, fast food chains, etc. and I'm hoping one will be interested.

Yes there is a point that I have to slow down the volume of my education and information to my clients so that they don't get confused, though I have a knack for explaining the complicated toward the simple.

I mean these are deep rooted squatters in the community , they have weekend Cookouts and Neighborhood watch meetings and the whole 9 yards. ( Well maybe not the community watch meetings, But definitely cookouts. he Burgers were Delicious.)

With all this craziness, it appears to be slowing down.

I'm picturing slab with deep footings, etc...

I'm hoping to get some input (I've on an offer given the following:South Central Michigan - Desirable school districtListed for $130,000On market since Aug. 2104 without price reduction~45 years oldOriginal furnace in both units (works well but old - not inspected yet)Roof is ~20 years old (OK condition but old - not inspected yet)New windows in 1 unit, original windows in other (aluminum - good condition - not inspected yet)Unit 1 needs cosmetic work (deep cleaning, minor drywall patchwork, painting, carpet replacement/cleaning in several rooms)Unit 1 shorter term tenantsUnit 2 is pretty clean and nothing needed by way of cosmetic repair.Unit 2 has long term tenantsBoth units rent at $825 per monthSelling agent cited "income potential" for firmness on the price.Based on the repairs that are needed, my gut feeling is that $130k is too much.