The great thing is, although there are the dirt cheap properties you hear about in the rough areas, there are also million dollar properties and everything in between.I just sold one of my rentals, that is a duplex to an investor and now friend in Colorado for $59,000 that rents for $1,245 a month.  

It’s pretty cheap to set up and you will have access to your equity that is currently tied up in the property.

I am in the middle of closing 2bdr condo as I got this relatively cheap.

On the flight back started looking at some island properties, and on the drive to pick out her car, we came to the big kid decision that a first local rental property made the most sense. 

any building materials you can get free that are scrap or cheap?

It's not cheap but since this is a buy and hold and the paint that WAS there was a single coat of the cheap stuff and not well applied, we figured we'd try to save our investment.For anyone looking at building or looking at painting a structure they've purchased. 

I bought cheap floor lamps (about $20) and plugged them into the appropriate outlet so that the light would go on and off with the switch. 

I'll probably leave the current pad since I'm trying to do this on the cheap. 

I also owned 350 of these not that cheap I was in mine 35 to 40k with total rehab  bought in 2010 to 2012 when prices were crushed .. but that tenant demographic Is simply in my mind un manageable for  long term growth and success. one needs to move up ..

Great you buy a house cheap fix it up and sell it.