The reason being that if folks keep clicking without booking - that eventually drives the listing to the bottom of the search results and that is equivalent of digging myself in a hole ... any pros out there who can ascertain the above ? 

I do not want to paint over them for fear of the new paint eventually doing the same thing when I have a tenant in the home.

Banks are doing this for federal compliance so most likely every large bank is going to eventually ask for this if you have large money going in and out the door.

But, if you want to feel more confident asking/offering a reasonable price (reasonable to you) for a potential deal, feel free to overpay for the deal, take on the risk, and eventually sell at a loss, and realize that YOUR goals are more important.

Second, depending on the location the land might have a higher eventual use.

So you WILL cashflow eventually but go into the property expecting not to cashflow now.

i would think it is the way to go in this business.Construction is tricky, because many parameters must be considered as the ideal square footage, number of bedrooms and bathrooms, construction style, etc.. but once you got the right formula for the right area, things get eventually easier. 

The building is old and I will eventually have to update the pumping.The Numbers:$102k Purchase25% down - wanted to do 20%, but liked the rest of the loan5.0% interest rate 30 years Hard money  I am self employed conventional finaincing is a challenge$1071 loan fees 1.5% orig$7292 buy down and other fees = 2%= 1 point lower on rate I will use the fees to offset my taxesIt will take 3 years to cover the buy down - I expect I will own this for the long termMy lender is amazing - PM if you want his info$36k out of pocket - more cash than I wanted, but the deal worksThe good part:$383 P&I on 71k $148 taxes and insurance$300 - Property manager - he is a local guy and does maintenance and property management, collects rent, finds and shows the place.  

Keep in mind that when you invest on the lower end of the rent scale, success and failure is dependent on what tenant is put in place by your property manager - on the lower end of the rent scale, you have to be willing to accept that you might have a tenant that eventually doesn't pay, or when they move you are stuck with a multi-thousand dollar set of repair bills.

That's why they have outrageous interest rates to cover these eventualities.