Rest assured people have made millions running cheap house rentals you need to ask yourself “ is it feasible for ME to do it “

My job is stable and I have growth ahead of me but may also want to utilize my masters degree and branch off on my own - I've done a fair bit of ready on LLCs, Note Investing, and commercial RE/self-storage.

I'm not sure what a LUST costs to repair:  Leaking Underground Storage Tanks Corrective Action Resources

The area is in need of retail, grocery, car wash, storage facility. 

As a backup, my parents have offered use of their RV if things get unlivable for a period of time (win-win since they won’t have to pay for storage). 

There also is an accessible basement that is currently not used - so there is an opportunity to add tenant storage and coin-operated laundry.

I have another $100k to play with, as well as investors who are looking to partner, so I could feasibly keep this one and do another

I have another $100k to play with, as well as investors who are looking to partner, so I could feasibly keep this one and do another

It may be feasible to self-manage when you occupy one unit, but if you purchase a second, you should strongly consider professional management.

And I too learned many hard lessons along the way, the main one (because it hurt the most) was being on the verge of a financial collapse.At my wife's consistent prodding & urging we turned our attention to Self Storage.