Situations that I have stepped into that make life interesting are meth-ed hoarders, crack heads, gangs, porn production, prostitution ring, rats, raccoons, bad remodeling, half finished construction jobs, fire (but not brimstone), flood, heirs that were in prison...good grief..just a whole bunch of trouble. 

Purchase: - April 2012- List Price $289,900, As Is- Purchase Price: $285- Negotiated: Replace Knob/Tube, Install Radon SystemRepairs:- Cost: ~$60k- We performed: Fence/Deck/Patio Installation, Landscaping, Kitchen, 2 Bathrooms, Walls, Windows, Doors, and everything else- Hired: Siding (23k of the 60k in a second mortgage), Floor re-finishing, Granite Counters, - Glass Shower Door, Some plumbing.

My psychology is built to fix up crapshacks and deal with broker-than-broke tenants and clean out the porn collections of morbidly obese evictees.

Quote from @Blake Weldon: @Adrian SmudeBest investment at this point is tube rentals down the Rifle River! 

There's a master cold caller on you tube he's robo dialing multiple sellers at once for listing which is soliciting.

We have tried the add-ons like grocery delivery, tube rentals for rafting nearby, charcuterie boards, etc and have gotten ZERO interest.

There is going to be a lot of pain going on in the coming years with this strategy hitting U tube and other social media sites. 

Old houses may have problems even if they're renovated and look pretty (a dishonest or unknowing seller could have old knob and tube wiring hiding behind nice updated kitchen and bathroom). 

You are interested in real estate investing and are looking for resources to develop your knowledge.I work with a lot of doctors and busy, high income earners to help them build real estate portfolios to slow down at work and offset some of their W-2 or business income.Some books to consider are Multi-Family Millions by David Lindahl, Investing in Real Estate with No and Low Money Down by Brandon Turner, and Equity Happens by Robert Helms & Russell Gray.Some You tube channels to follow include Get Rich Education, Ken McElroy, Jason Hartman, and the Real Estate Guys Radio Show.Yes, until you are making attending physician money, I would house hack the house you live in by renting rooms or buying a duplex as a primary residence with low money down.To Your Success!

Got down to the last layer and was glad I was wearing gloves as this layer consisted of many used tubes of a "feminine hygiene" product normally placed in the garbage or flushed away.Gail