Hard money is pretty cheap money. 

Investors like to buy cheap rentals in the Midwest because the numbers look good on paper but all too often they're buying century homes that require a lot of maintenance so keep that in mind as well.Dan 

+I got the land for cheap!)

This won't be easy/cheap.   

Thank goodness it was relatively cheap and I paid off my debt.

The answer is quite simple actually: the rise of the middle class, exploding tourism, intelligent government, growing number of American retirees and digital nomads moving there in search of a cheaper and better lifestyle, cheap real estate.

First,,, $800 for a $200k prop is very cheap!   

Slow website performance on a cheap plan is not bad hosting performance, it's by design.

NJ is expensive now while NYC remains comparatively cheap.

They apparently have all kinds of electrical things, lights, fixtures, plumbing connections, fasteners...like anything they can get their hands on cheap and in bulk through like amazon returns, or auction sites/locations locally they are doing it.