Insurance would run $600 a year, taxes $1200.This is in a safe neighborhood - new subdivisions off the main road, and the main road this is on has a combination of new, large, nice housing and old country houses such as this.My uncle is a successful real estate agent in a close by market (close by - not this market, which is why I'm not taking what he says as gospel) I could currently split the lot and sell the second lot (which would be more than an acre) for approximately what I'd pay for the entire property.

.$20.00 To repair a cracked microwave exhaust cover, which was actually already cracked when we moved in, but we didn’t catch it early enough to get it on our move-in walk-through report unfortunately.$6.67 To remove the piece of duct tape and residue over the crack of the microwave exhaust cover we had placed.$3.33 To put a smoke detector back on the ceiling (We had finally removed it because no matter how many times we replaced the battery, we finally realized it was broken, we could never get it to stop the constant annoying chirping, And we forgot to put it back up before leaving)And the most ridiculous one of all…$20.00 To take our 2 trash cans to the curb along with the some extra bags of trash and old empty cardboard boxes.

Exhausting.

You seem more like a broker than an investor.

Kitchen/bath exhaust fans.Don’t buy a $50 exhaust fan for the bath or kitchen.

A vacant property is also more complex than an occupied one.

If we get into a bind finding more financing after we exhaust all our conventional loan options, we may pay some off to be able to buy more that way if it makes sense at that time.  

Keep them forever, retire, and die off leaving them to my heirs That's a scenario more than an exit strategy.

I'm always too burned out and exhausted at the end of the day to be productive so this is a great alternative. 

By definition, wholesaling nets the seller less than an open-market sales price.