Hey @Sheree Fullwood- yeah, CapEx can be a little tough to know, because it depends on the age of the property, how well it was maintained, the condition,etc. on a single family house, I typically want to see between $100 and $200 per month - maybe more or less depending on how nice it'll be when I rent it.

How hard was it to get a conditional use permit and was there an extra cost?

SILICON VALLEYSilicon Valley house price appreciation has been fantastic as the leading index, local economic conditions, and employment growth has remained high and increasing.

Its been vacant for 12 years  in that condition.

Gas prices are at record lows so you really do not need to switch if everything is in working condition.

Even if there is money left over, it's a very low return on a 200k property.However, there are a lot of caveats as to why I believe this will work for me.Self managing = zero management costsProperties start in good condition, so I can minimize maintenance costsI plan on selling properties in less than 5 years after purchase to further decrease likelihood of large capital improvements becoming necessary.I have reserves in case large costs come up, as well as a 30k credit card if stuff were to really hit the fanI invest in a transitioning neighborhood, in a transitioning city, in a high appreciation state.I start with added value on day one.

Also, he sent me a form called BUYER FACILITATOR RELATIONSHIP IN REAL ESTATE where he placed an additional condition where I agree to pay 3% of the purchase price for his services where "If seller's agent is authorized to disburse a portion of commission to firm, that portion shall be credited against buyers obligation to compensate firm." so if the co broke fee is 2% I end up paying an additional 1% to make the 3% total.

If you can get in to talk to them try and get some pictures to document the condition in case they decide to trash the place you can file vandalism charges against them. 

Additionally, you could be prohibited from obtaining a HUD-insured loan for an indefinite period."

(Perhaps it won't even qualify for conventional financing in the present condition.)