People coming from NYC think $300/night for a 3 br house is the deal of the century.  

The top 3 large cities for total residential return this century are all CA cities per case shiller.  

We adopted this from living co-ops that have perfected it over centuries of shared environments, and it is powerful in its simplicity and effectiveness.  99% of conflicts our Property Manager never hears about b/c the residents resolves their conflicts and build stronger relationships and households. 

More likely scenario is that old tenants were using a cable modem like everyone else in the 21st century.

I'd put in 15k or so plus six months of sweat, blood, whatever it took to restore some rock solid mid century beauty.

I am new to REI but I live in Flint, MI and my house was under $70K (mid-century modern behind a major teaching hospital and less than 10 minute drive to 4 colleges / universities).

Outside the walls of my home, in the general public, I can't think of a single instance in my half century on the planet where having a firearm would have changed a situation or where I found myself in a situation that I could not walk/run away from to avoid conflict altogether.

https://www.news-gazette.com/news/champaigns-kraft-plant-celebrates-half-century-mark/article_20700102-2787-505e-84ed-e15ffa50bfa8.html

It has happened like 55 times in the last century but most all those cases were a result of World War I or II.

Depending on your reinvestment opportunities (return rate) and your opportunity/hurdle costs of other capital sources, an extra $2700 in pocket today, might be worth paying an additional 50K for the asset.One might also convince themselves it is a better choice to pay 2.5 times more in the way of interest (252K) in exchange for $1100/yr in pocket and the security of a fixed payment for half a century ... though, personally, the inflexibility of being corralled that long could never be worth it.