When knocking down walls etc. one cost that can be big is if the local city or county requires adding a fire suppression system to each unit with sprinklers etc.You have to remember older apartments many times are grandfathered in on old codes but when you go to do studs up they add all this crap that you didn't know about before driving up your rehab per unit.The main water line from the street to the building could be compromised and need replacing.

Someone buying an older house at a premium should expect older house charm and limited older house issues.

More Charm City representation!

So I've been working opportunities as I find them and there have been quite a few connecting flights - we inspect all our deals before we close.As you can see, I picked up a "y'all" drawl - can't beat that Southern charm :)I like all kinds of residential and commercial cash flow - I have some asset remediation experience also.I just love flipping properties and for a guy like me, where else is there to be other than on BP?

Worked like a charm. ( Make sure ALL windows and doors are open when you do this!!)

It has a link in it explaining in detail my normal process for buying. http://www.biggerpockets.com/forums/223/topics/168016-3rd-times-a-charm--i-just-closed-a-12-unit-apartment-complex-for-under-1500-out-of-pocket

EXTRA LARGE END UNIT IN BUTCHERS HILL  3,800sfJust for the Out of town investors that thought Charm City had no value...No this is not mine just thought i would share it, being its in my farm area 21231    

That way, you preserve the charm without the heat loss and chimney maintenance.

probably your wife was attracted to you because of your personality, your charm, your drive. 

@Emery Johnston  2700 feet 4 beds 4 bath Restoring it to its original charm.