Luckily for us the issue was not huge, but we missed the inspection window before we found that out. 203(K)’s have higher rates than standard loans, so consider the timing of your refinance (especially in todays environment).

Older buildings can be an issue, we had to put some spray foam around the heat pipe entries. 

To be safe with anything except a fairly new house, you’d need to excavate around the house, parge the outside of the foundation with asphalt, install a dimpled plastic membrane over that, and then on the inside, fastidiously install rigid foam on the floor and walls, spray foam/tape all seams, etc… Then frame, then drywall.Seems ungodly expensive.

I share this because I think there is a myth that you either have to self-manage and run around like crazy OR shave 8-10% off the top of your rentals to get a PM company who can't give you the time or attention your portfolio needs.

If your $2,060/mo is a true cashflow then the deal yields 2,060*12/85,000 = 29%To be conservative, shave $600 off of that for vacancy, repairs, misc and you get $1,460. 

Also if you are not careful in his group you may shave your head and spend your days at the airport handing out flowers.   

Are there ways to improving the sound through foam insulation in existing walls?

@Rashad S. Have

I think the stats way back to 40's have the majority of the paint manufactures using lead as an additive. 

And of course, being the "guru" he makes the most dangerous assumptions that "guru"s have, they know it all.