I see a ton of investors hit sweet spots in between.

So you need to make sure your rehab fee's are spot on.

Your initial analysis was spot-on.

I can't even tell you how many agents have told me that it's "illegal".We recently just closed on an owner finance deal where the listing agent called us to the listing appointment and we bought it on the spot (10% down, 6% interest for 30 years, no balloon). 

If this is in a good spot then I would seriously consider it.

Thats a great STR spot

Here is a break out of the facility:4 12x36 $170 monthly2 12x40 $200 monthly14 10x20 $115 monthly11 6x10 $65 monthly-only expenses are electric for one main LED spot light and taxes (10k but will fall to 6-7k after the sale according to the town assessor, then tax rates will follow a performance based evaluation) -also has some outdoor parking spaces for 1 SEMI/RV and a couple small double axle boats/trailers.

It's all been a lot for me.The first issue that arose was that despite the listing being advertised as the unit including a "parking garage + storage," there are only four total parking spots for a building comprised of five units, plus one storage shed.

I hear that Mankato is a great spot and possibly look into student housing and renting houses out by the room to the students?

@Andrew M....tough spot to be in, but I don't know if you're going to find better.