It doesn't look like that one could be easily fixed and it also doesn't look very secure (even with a lock).  

Box fee and etc - which could easily bump up to $2000 a year.

If your neighborhood can support $200k condos, you can house hack this into a nice profit a few years down the road.The scenario I'm proposing:Purchase 285kRehab to HGTV level property 45k (total: 330k)Sell other condo for 220k - 15k closing costs = 205 (125k)Refi 4k (129k)Assuming value is still 180k (not HGTV level rehab) you could mortgage 160k fairly easily.  

They cannot copy it (well, not easily) and if they move out, you can deactivate their card.

I do think you're getting discouraged too easily though.

The problem with laminate is it's very vulnerable to moisture and easily ruined by a careless tenant. 

(I know hoping for appreciation is a no-no)Rent out the spare bedrooms to friends or anyone I can find that is suitable to rent to.Once the 1 year requirement of occupancy comes up, put the home on the market for a reasonable profit.Or decide to rent the home out, in my town rentals that are updated can rent for $1500 easily, all the way to $1800 a month which would result in 500-800 cashflow. 

Plenty of distressed properties to choose from and easily in your desired price range. 

@Nicole Starnes It might be time to step up, and just buy it yourself (for $65k) and then become involved in the other things that make being an REI interesting: arranging for and/or carrying out some rehab; then renting it out for it's positive cash flow (which should easily be generated, because that's why it was a great deal to begin with, right)?

I also look at college housing often which I know is not ideal for everyone, but they seem to rent out pretty easily when there are three universities within 5 miles of each other.