No value add, unless the rents are below market.

., where it was previously headquartered.High-pressure sales tactics were used to secure money for what were promised to be “low risk” and “conservative” investments, but in reality the funds were funneled to real estate owned by Shapiro, according to the U.S. attorney’s office.Woodbridge eventually became financially insolvent, the scheme began to unravel, and Shapiro in 2017 considering filing for bankruptcy, prosecutors said.Still, he, Roseman and Acevedo continued to sell the fraudulent investments without telling investors Woodbridge was on the verge of collapse, according to the indictment.

First start off by filtering your search with the "furnished" keyword.

@Stella Guan, in general the inventory will be limited but a quick MLS search yielded 18 potential properties below $350,000 in 29 Palms, Cathedral City, and Palm Desert.Part of the reason for the limited inventory is the lower price point.

Otherwise, you are effectively selling your house for $6K below list price.

Below is but one story about it. 

I realized that most of the buildings I've looked at have garden/basement/in-law units (so below ground).

I get a feeling that there are no real opportunities in the single family home market due to below reasons.Almost 50% of your rent goes away towards expenses like property management, taxes, maintenance, capex, tenant placement and all that stuff.  

@Mark H.I haven't previously invested in commercial properties, but I've been researching the opportunities that are available and think that there are some great opportunities available at and even well below your price range.

It's also acceptable to hold tenants accountable for consumables like light bulbs, smoke detector batteries, or filters in the refrigerator.