Common concerns in pre-1940s buildings include outdated plumbing, old electrical systems, and structural issues that could be costly to bring up to modern standards.

@Dave Vona, there are a lot of challenges here in comparing the two.I have invested in SFR and syndications, granted syndcations only started about 4 yrs ago, where SFRs were 14 yrs ago.The biggest challenge in comparing these two, from a very technical aspect, is you are using syndicators 15-18% projections on value add properties (and the rent increases that can come with them) versus a more turnkey approach.So let's look at most syndicators in the value-add space and for completed deals:I would say, many groups hit roughly 25% IRRs for their LPs, often with a roughly 2-3 yr hold. 

They may offer data on properties that are bid on by third parties versus those that revert to lenders.

However, how much they’ll see can depend on brokerage policies, so it’s worth confirming with them directly.Transaction Coordination: It sounds like you’re used to having a support system in place, so doing it solo may feel a bit different at first.

I find people can succeed with having resources from a self help sort of system.

They devise all sorts of systems or software like "propstream" and they sell you on the idea that it "works based on data".Tell me this.How come you still need to send 3000 - 5000 mailers calls or texts to the "motivated seller leads" probstream is giving you to get ONE louse deal?

I'm trying to get this loan product - what a confusing system!  

How AirDNA and others get the data so wrong I can’t say for sure, but I suspect it’s because they can only assume that unavailable days equal booked nights versus any number of different, non-revenue reasons, such as owners’ personal usage, repairs, etc. 

Currently landlord pays for all utilities, is a system/product/device that can be installed to the water meter that tracks the usage of water through each unit so I would be able to bill the tenants separately?

@James KieferThere are many REI opportunities in different markets - markets in the Midwest and Southeast of the country are great - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.