It is a completely bombed out train wreck and I have never seen a house in this bad of shape.How would you handle this one?

Worst case is very slim but even it it were to cut jobs by 20%, wouldn't that still wreck the market there?

The truth is when you get below $700 p/m in rents you wind up with "professional tenants" who bounce from one place to the next always leaving the previous rental wrecked, stripped and owing $$$. 

Expect that since your renters could wreck it to the point where it is required.

I'm in favor of self management, but one person cannot manage 85 properties without working 80-100 hours a week.2) be doing one or more evictions at all times.3) be dealing with at least one psycho tenant that is wrecking the place at all times.4) be replacing a roof at all times.

For the last 15 years, my son and I have gone through a lot of unemployment which left me a nervous wreck and living paycheck to paycheck.

From the wrecks I'm seeing on the market right now it looks like it might be a safer play to plan on a complete gut renovation then to expect a moderate fix-up and risk finding more extensive problems then initially estimated. 

It's nowhere I would want to live, but some of the houses next door to those wrecks are pretty cute. 

Don't do the football team they will surely wreck the house!

My 2/1 within SD city limits is only 684 sqft.It's a fine balance here, and as long as I can find a property that can increase my cash flow, even minimally, and is not a wreck, I'll seriously consider it.