Building materials, year built, codes, zoning or regulations?

First time homebuyer and move up area.Avg price of rehabbed home is 180k with anything built after 1990 being 220+.

The town was built in the early 1900's and was a boom town through the 1990's.It is not that the town is lacking small businesses that want or able to lease these spaces, it is that it is a small town, and the businesses cannot spend thousands of dollars on rent, or renovations. 

Get a good foundation, Connect with like-minded investors, and then get out there and make things happenImperfect action > perfect planning.Congratulations on this first step!

I'm looking into buying a 2016 built duplex in a 55+ community.

@Nathan Faselt do you have a good relationship built with the company owner or strong presence in the market?

Also as stated above scaling this business is where the money is.Lastly, I personally think that real wealth is built over time in this business and almost any other business.

Also, unless they're on a permanent foundation, the city won't permit them as ADUs.  

I'm going to over generalize but a property built in 2010 versus 1910 comes with a lot less issues. 

Are "major" foundation issues a definite "NO" when looking for a fixer upper?