Gist of the idea is you develop your marketing advertisement (think: car magnet), hire a driver who is already actively driving around (Lyft, Uber, etc), and have someone (or many someones) marketing your company while they drive. 

Everything else is pretty much easy to identify.

Unlike my folks, who were VERY hands on, I'm much more of a passive investor, focused on systems and process development.

And this is a developing area with big upside.  

Please feel contact me via my inbox with questions about an area you have identified, purchase price points, or simply an RE reference.

Everything else is pretty much easy to identify.

A company may look stunning on paper and by their website, but actually be quite poor at developing and maintaining good tenant relationships.

I've marketed the lots to a couple developers in the area (one on the same street), my buyers list, craigslist, my network. 

My firm raises capital in the form of proprietary private equity for investments and structures joint ventures.We specialize in condo high rises and multi family townhouse developments etcIs this your area of expertise?

Don't be afraid to bring in a basement foundation repair company and get a quote to get the issues identified and fixed. 20% of 110k =  22k Down110k - 22k =     88k  Financed88k @ 4% for 30 years ===  Monthly Payment of $420  (principle and interest)Other Numbers you'll need:Property Taxes  (get on the county website)Insurance (just call an agent or ask owner)Repairs    ( Really depends on condition of property, 10-15%)Utilities    (get as many months of bills as possible)Property Mgt (even if you plan on doing this yourself)vacancy     (depends on market and property, 10%)LawnCap Ex    (depends on property but sounds high on this building) 15%These are VERY VERY rough numbers but lets look anyway...Gross Rent- 22,500 (assuming all 3 are rented at 625 and no washing machine income)ExpensesP&I-          5,040Taxes-      2,200 ( I figured 2% of home value)Ins-           800    Repairs     2250     Water       1800    (150/mth)          Look into heat billVacancy   1125Prop Mgt  2250Lawn         300Cap Ex      3375Total        19,140  22500-19140=  3,360   Cash Flow YearlyInvestment of 22,000 /  3,360 = 15.2% ReturnPlus tax advantages, paying a little down on mortgage, possibly appreciation, learn a lot.Location, Basement, Local Market, Comparable properties, and firming up numbers ALL need to be looked into.Let me know what you think!