***Only exception is if an owner has plan & funds to reposition Class D to Class C or higher.https://www.biggerpockets.com/forums/776/topics/960183-what-they-dont-tell-you-about-cheap-rental-properties?

It sounds cheap, but I bet it comes with a lot of headaches.

This building needs a ton of work but I feel like it’s a great place to run my business and it’s cheap for NJ like 200k.

I think there are a decent amount of areas where you can find a cheap place still, although it is competitive! 

An expensive contractor is often cheaper than a cheap contractor.

If I go to court and file the unlawful detainer, pay the fees due (not cheap in CA), and serve the tenant and then he decides to pay his rent - will I be able to continue the eviction, or do I have to stop, lose the fees I paid and do it all over again next month?

It's more expensive than the cheap $80 toilets with a flapper, but the toilet claims to save up to $90/year on the water bill.

Buy cheap, buy many, fix them up, and pay them off. 

.$3 per transaction to me is cheap, given I get almost immediate customer support.

Usually get these cheap.