Furnished from our perspective, is refrigerator/stove/washer/dryer for student rentals.

I was initially wondering from a tax/business purpose perspective.

@Seth Williams provides a ton of high quality information to get you started.The basic concept is this: Identify a market, compose a list of property owners using good fresh quality data, and send them blind offers to purchase. 

Help this perspective helps.Tony 

I understand your perspective Bob, but I just don't understand who the marginal buyer is going to be.

Look it at the sunk cost perspective???

You shouldn't have to tear down any walls unless you choose to do spray foam insulation - and that will cost you at least double of the alternatives (not to mention costs of hanging fresh drywall).What I would do is find a company that does blown in insulation.

And when something that could meet your financial needs does become available it needs to be viewed from the perspective of making the property work regardless of whether it does in its existing state. 

@Coleman Nelson I can give you my perspective owning a PM company. 1.

Great perspective Wes, enjoyed the post.You mentioned the price to purchase one home: California's Median Home Price: $490,100Kansas City, MO's Median Home Price: $118,400but you didn't mention investing the same amount of money.