With a doorknob, at least Kwikset brand, there are actually metal parts that do wear down; so if the doorknob is not working because these moving metal parts are worn, that one is a repair that the landlord covers. 

It's been winterized and covered with treated lumber, plastic (think garbage bags) and metal fencing sections.

Metal buildings (with or without) a foundation, are relatively simple.

Also, the under decking looks horrendous and I plan on replacing much of the metal under deck.

Two buildings totaling 10,000 sqft, but 2 acres is paved and has metal awnings around three sides with 18' clear.

I hold the position of Treasurer on one and just got promoted from Treasurer to President on the other.No worries now about "the evil board" doing anything stupid.  

Maybe the house is $45k, but the repairs needed might put you in the $80-$90k range or more.The reason i say that, just about anyone would snatch a house that should lease for $1100 at a lot more than $45k (assuming that is a 'all in' price),,,maybe you found some hidden treasure of under priced houses (if you do run out and buy as many as you can),,but the market will generally keep that from happening,,As far as HELOC's go, I don't know that you can use the equity in a rental property for a HELOC (I'm not saying you can't, but I don't believe you can).  

@Katrina HighBP is a treasure chest full of useful resources.

Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

. – private lending)Tax lien certificatesLimited partnershipsLLC’sSub-C corporationsReal estate optionsSome types of precious metals… and the normal investments like stocks that your normal IRA can invest inBasically, this opens it up so you can buy investment real estate with your IRA… or be a private lender in real estate.Are There Restrictions?