Cash flow, especially in this day and age, helps keep the property afloat and paying for itself without you having to put more money into it.

The first was a $10M historic property in Downtown Denver that was truly unique due to its location and age.

I think too many people get stuck on distressed, when there is a whole generation aging out that will take fair prices for their assets.

If you have a slow leak...coverage is less likely especially with aged plumbing.To the original poster, Salil.  

You may already know him as you guys were in the league about the same time (and I believe you're the same age).

Typically with houses of this age - you'll need structural folks to dig and install piers into the soil.

A few notes on your comment to this aged post thread to shed some additional light since you don't know much about us...Aloha Capital has funded over 3,000 loans since 2015 on nearly 1 billion of residential investment properties and to date has ~ 0.4% default rate.

Ranking in order though...1) Prices will drop - 10-20% because the job market is getting tougher2) Salaries will increase - 3-4% per year to keep up with inflation3) Interest rates will drop - 100-150bps as people worry less about inflation4) Unfortunately, the dream of a house with a white picket fence will be out of reach for many, especially before the age of 40.

In this day and age of zoom meetings and working from home, I don't believe there is much of a difference between investing in the US vs Australia if one is based in China.

Additionally, the presence of POHs vs TOHs introduces further operational complexities and elevates overall costs due to increased maintenance and management responsibilities.However, without detailed information regarding the specific septic system configuration (gravity, pressure distribution, mound, cluster, etc.) as well as the system's age, historical performance, and required maintenance frequency, it is challenging to derive a precise expense ratio.