The price for a property that size will vary on various different factors- market, age, condition, how it is currently being operated/income, etc.

Let’s take skiing for example:Some people will start their skiing pursuit by first doing conditioning in the off season, so they’re in great shape.

The house was in a very good condition almost like a new home. 

In addition I also had to hire cleaners for like major cleaning , since the place that was handed to my tenants was super clean, and had bbq polished clean , yet I received it unclean, unwashed, technically I should be legally able to charge them for that, since the condition i received is not the same.

Looking for input with any unique conditions anyone has put in their own lease agreements regarding Tennant conduct/responsibilities relating to the property and the other tenants.

(My friends are hard money lenders and real estate agents.) the house is selling for $69,000, is a 2 Bed, 2 Bath in almost perfect condition in a 55+ community.

Below are some other facts about this deal:3 lots totalbadly burnt unit (Probably has to be torn down, but basement is in really good condition)Michigan Department of Transportation (MDOT) stated that if we happen to be in footprint of project or any future scope change there would be a "good faith Offer" given - (another possible exit strategy) Plans are to make it a multi family (Duplex) and test one side for possible short term rental.

Zoning can be requested to change with a conditional use permit, filing, hearings and the governing entity reviewing parking, traffic and other issues.

We had also wondered how the previous owner had mortgaged it given these conditions, but it appears to be owned outright.

Having said that, depending on condition, I would be willing to pay $1M-$1.25M purchase price for a property that grosses $200k/year.