We opened the drywall and discovered duct tape was holding the pipes together.

Real estate has gone up in value consistently over the last 100 years.

Yes, there are DSCR products available for properties under $100K, however, the minimum appraised value must come in at $75K (which doesn't seem an issue in your scenario).

It looks like to get started, I will need to do my first deal out of state, perhaps in the Midwest or the South.

Although I’m based in Burlington, Canada, I love keeping up with trends and insights from across the real estate market.

This is my first post on BP after watching so many videos.

I was actually born and raised in Dallas Texas and I use to work section 8 housing back in the late 80's.  

So now, VRBO has "restricted" all of the properties that we cancelled reservations for, in order to punish us.  

Accordingly it should come with everything needed for a comfortable short stay, which would definitely be utilities. 

Reminder:Ground improvements qualify for bonus depreciation.This includes various landscaping.Roads and external parking areas.Sidewalks and pathways.Fences.Utility systems (including the installation or improvements to water, sewage, drainage, and electrical systems).Outdoor lighting.Rec facilities (like playgrounds, sports courts, and swimming pools).And more.It's a big category for depreciation/bonus depreciation that we love.