One unit is fully renovated: hardwood floors, updated kitchen/baths, new paint, electrical, furnace, hot water tank, and roof.The other unit needs full rehab: plumbing, furnace, flooring, drywall, paint, kitchen, baths, tank, and misc.We estimate $40K in rehab with an ARV of $250K–$255K.Rent Potential:Market: $1,300–$1,400/unitSection 8: Up to $1,600–$1,700/unitStrong cash flow potential.

The next hurdle will be septic tanks, sewer not an option.

Quote from @Ana Estima: Would a septic tank be a dealbreaker on a single Family Home? 

Doing so could tank your sale if it runs afoul of their plans, 2.

Some properties look great on paper but fall apart in person: odd layouts, low ceilings, old electrical, plaster walls, uneven floors—all of these can tank your resale and rental value.If a home doesn’t feel right when you walk through it, that’s a red flag.

Many people can drive on a tank of gas and get a very good deal on a cabin.Interesting question.

It may be helpful:I can give you some general info on insuring the property:Here are some things to look for from an Insurance prospective:1.Any in-ground tanks (active or inactive)2.Any Knob & Tube or Aluminum Wiring3.If built before 1978, does the building have Lead Safe certifications4.Any wood stoves or secondary heating units.

To my surprise, nearly every room—including the basement, living room, kitchen, bedrooms, attic, and bathroom—was filled with personal belongings: couches, a dog crate, fish tanks, dressers, TV stands, eleven tires, and significant trash.Given that the tenants left the property in this condition and the $1,200 security deposit will not come close to covering the cost of removing everything, I’m unsure how to proceed.My questions are:1.

My post wasn’t directed at you personally — unless you’re identifying yourself as a shark here on BP?

Unfortunately sellers have so much equity, I don't see the market tanking.