If you want to pursue a claim for the water bill and incur the costs of said claim you can but your chance of collecting is probably low.

I may have left out insurance, but the amount is so low it will impact the bottom line/decision very little.3. 

This 2003 house is a fairly low-maintenance property and I realize that to buy other properties I'd likely be getting into more older properties which inevitably will require more maintenance.

But I’m in an area where $500k+ with 15k+ in taxes can be the low end so I’m trying to not be jaded by a lower prIce poInt.Very much appreciate the feedback from everyone...

I always work on the low hanging fruit.

Why bother with such low numbers?   

He also describes them very well, so you don't miss out at all.His other book "The Book on Investing in Real Estate with Low and No Money Down" is also great, but unfortunately the reader is pretty terrible and distracting, so I suggest reading it on paper or Kindle.I wish more Bigger Pockets books were available via audio!

The CMA was just low - while no weight at all was given to the rental income. 

One contractor said that price was way outrageously low

When I changed the vacancy rate the monthly cash flow dropped to around $260.Some other neighborhood highlights:- $87,000 median real Estate price- average rent is $1,000 (rentometer said $750 was the average and I have $800)- 65% of the children in the area live in poverty so this is a low-income area. - the main occupations are manufacturing and labor, sales and service jobs