Campbell my feed back is purely conceptual base so as others mentioned, make sure there is not any issues with zoning, permits, renting, etc.

This is your best bet to enter the space as a 1st time investor with no experience, no capital, and poor credit.If you don't want to go the HH route and desire to have this be a pure investment play, then you will need a business partner / to Joint venture with someone willing to be on a loan with you so that you can use their credit and your combined assets for qualification.

Midwest cities will be your best bet if looking for pure cash flow.

@Lauren SandersThe good deals I've gotten are on ones that have scared others off.Asbestos roofsBox gutters that are DOA, (Not FHA) eligibleI did get one with pure speed, was on the market for 5 mins called the agent and got in that day and made an offer that day for asking, whole thing took maybe 5 hours.I've gotten offers rejected hundreds of times, I've even been rejected when I have the best offer because the seller favored an life long neighborhood resident.Just keep trying!

Zero issues and the 9v battery has lasted almost a year at this point.

If you are buying this purely to make an equity play, this should be a flip.  

I live in CA, so pure deal prices made it the best option.

@Jay Hinrichs Thanks for the nice words, however it was just pure luck.

Purely speculative, but If you have the cash to buy up land parcels in the major players metaverse you’ll be insanely passively wealthy.

And there is no question, and it took me a few years to realize that some of the folks on this site just cut and paste for the pure reason to run up post counts you can identify them by 1k posts and 32 votes LOL.. then U have others that have 1k posts and 3k votes that's quality content in my mind.For me personally bottom line it's a social thing and I guess I am one of the ones that like to talk.