This seems very overpriced imo, however, if you want large tax losses to offset any other gains from other stuff then it could be a great deal if you think their could be appreciation.It's all about your internal and external goals and what you want to achieve, but on a purely numbers basis I would pass.

I'm not sure what your investment strategy or goals are, but if it's pure cash flow, honestly, the numbers are not great.

If I was going to invest purely for appreciation speculation it would be on land, which would have no cost except for taxes and could potentially pay its own way simply through selling/leasing timber, farming, or the like. 

It works great batteries last about 10 months or so. 

I would still offer key so incase the batteries go dead or the lock gets stuck. 

No financing was used through a bank, this was purely the owner/builder licensure exemption.

It's not often that investors specifically target that area as it's incredibly challenging working with the tenant base, crime & the practically bankrupt city.......Is it purely a pricing play for you as you can get in there for next to free?

How was the process of getting the existing tenants to agree to the lease to own vs being a pure renter?  

It works great, but I need to change the 4 AA batteries every ~3 months.

Clearly I can't expect anyone to magically connect a neutral wire but I'm wondering if anyone has ideas past battery powered lights to give these guys some light.Of course... being from Africa living in a tent they live that way here too and cover the windows and walls entirely.