They were built in the late 1890s and have barely been touched in the last ~10-20 years.

This movement has the effect of making the lower income neighborhoods worse and keeping the rents stable in the higher income neighborhoods.ANYWAY, to make a long story short as there is MUCH more to add to this analysis, this particular effect made the financial crisis of 2008 barely noticable to my properties as they all were within the higher income neighborhoods.In 2007, the values of my properties had peaked.

In addition, we were living with a legacy refrigerator barely bigger than a dorm fridge, and in the last weeks of our renovation, we asked the contractor to remove some cabinets, redo a wall and install a bigger fridge.

I am barely starting my real state journey and I'm still looking for good deals.

That was the first time I had the opportunity to lead an entire project from bare-bones beginning to the very end. 

You’ll need to do a turnover when they leave at some point and it will need paint at a bare minimum.

Even if your correct your only barely hitting the one percent rule which sucks anyways .

25k a year is probably barely enough to live on as a single individual let alone invest or support a family.Your easiest way to invest is to earn more.To earn say 25k a year likely requires around 300k invested money assuming you’re not doing major rehabs and/or experiencing a lot of appreciation.

Prob would make you barely at breakeven no?

Only problem: They barely cash flow to the tune of $50-150/month i.e. you're one bad incident away from wiping any returns.