Home has finished basement w/out egress that would add about 1000 sq ft living space and additional bedroom but only 1/2 can be counted.

In addition, older city lots may not reach city size requirements to be buildable today.

In addition, I would anticipate two vacancies when their leases expire.

This helps us prevent problems down the road.

I currently have one mobile home I am renting on one acre of land and a additional acre of land with nothing on it, but the septic tank in the ground and its right next door.

In addition, those are more active, liquid markets.

But for the smaller investors like myself, I just don't see it being worth all the headache and aggravation considering the additional costs its going to add (licensed prop manager and all the accounts).

Then the property sits there vacant for a long time and can have freeze damage, and additional theft and vandalism.

Additionally, you may want to see if there's any point in making a push at this anyway.

I purchased my first home out of college and have managed to purchase two additional properties in the past 2 years when I saw great opportunity.