They may seem attractive on a spreadsheet if you are chasing cash flow, but the fundamentals are not as strong and these properties are  disproportionately impacted by capex and operating costs.

Years ago, I could file claims for small, even minimal, damages on my rental properties, like a few fence pieces blown off during a storm.

I am thinking about actively trying to grow my investment portfolio and use my existing properties as leverage to acquire more properties.

In this particular case, I have a property I'd like to get a HELOC on to then buy another property.

We have a pretty solid lease that has served us well on our properties but on the most recent move-out by a long-term tenant that always paid early, we had to clean from floor to ceiling and everything in between. 

I know other investors bought the property and sold it after a rehab and still made money. 

Some of my properties insurance and taxes go up over $200 every year.

I did  Zillow searches on properties  in Dyberry Township  under two acres a) sold and b) for sale. 

Buy a Multi-Family Property: Plan: Purchase a multi-family property and live in one unit while renting out the other.

I checked with the state and the state will not allow utilities to be ran underwater to the property across the lake.