It's currently a horse boarding farm, its a gorgeous property, with woods and rolling hills, and pastures.

We were both working full time and living there. 50s style home completely throughout everything was either pink or baby blue.

It was a gorgeous fall day and the place was looking absolutely spectacular. 

We may even furnish & pop that one on AirBnB as a short-term rental (if anyone even ever travels to that area ~ it's pretty remote but has a gorgeous river up the road).Asking price:  $450,000Income:  currently $450 per unit with 7 units occupiedExpenses:  dumpster $130/month, prop tax $3800 annually, haven't gotten insurance quotes yet, she said there is a well house between every two units, and I'm not sure what expenses are associated with that if any, no rehab neededI feel they are probably priced below market but haven't had time to do my research in that area yet. 

That place is gorgeous - I wasn't wasn't investing I'd rent it myself :)

Kitchen is gorgeous! 

and it was pink, which is the same color as the "We're going to turn off your water for non-payment" notices the city sends out.I thought it sent the wrong message.

I'd also suggest swapping out your first photo with your gorgeous kitchen.This is most definately a very slow time of year.  

I realize this is fairly long, so thanks for your reading.I have been needing to buy a property for a long time as a first step for total financial independance using Real Estate investment the best possible vehicle.However, I have been renting all along, so I figured I needed to buy a house for my family first before engaging further.A few months ago, I have found this beautiful property at Malden, MA in a gorgeous location near the subway train.

@Ben Leybovich,What you described is more a deal that only the ill-advised would take on: a deal where the numbers don't work or where the person looking at the deal hasn't yet learned how to run the numbers and make sure they work before attempting to move forward.In the case you describe, a "PIG" is a Poor Investment Gamble.As I understood @Leon Chappell's question, a "pig" is more like a home I looked at a couple weeks ago: not updated since the 1970's, pink, green and yellow bathroom tile and fixtures, each color in a separate bathroom or powder room, gas cooktop and oven still using pilot lights - the oven would probably slow-roast a sirloin tip roast in about 12 hours just from the pilot light alone, daylight was visible around the basement door to the backyard, ... that sort of thing.