Where do you live were you can buy a house for 80k
aound my area 2 family in need af repair stats at around 300k
You can buy property, 1-4 units, just about anywhere in the Midwest for around $80k. Sometimes more and sometimes less, but that is dependent upon the city and the area.
In smaller towns mostly. Try Fort Madison, Iowa for example.
Where I live you can buy a duplex in the nicer part of town for around 100k, and a 5 apartment building just sold in the not-so-nice part of town for 22k. just depends on where you live I suppose. I am in Ohio.