I work with investors in Huntsville, and there are big things heating up here, as well.

If the home is 100 yrs old, I'm assuming it's a definite gut which is going to require new plumbing, electrical, heating, cosmetics.I spent about $140K reno on my multi family in the heights on NY ave and there were massive problems with it but it was a gut to 3 units & adding 2 bathrooms, 3 brand new kitchens 4 bathroom reno in total, all new flooring, sheetrock , insulation, framing, doors, electrical, plumbing, paint, parts of roof etc.

under mount granite or quartz counter tops.. water closet  heated floors ..

With fees doubling and competition heating up, you might want to rethink this investment.

Here is what we have found and I will probably catch some heat for some of the things I have to say, because it does not sound "investor-friendly".

@Wagner Nolasco Thanks for confirming....Not sure why you are getting all of the heat and not the builder.

Also to reduce sun from heating buildings and for shade.  

Summer months are always popular for both locals and again those from the south looking to escape the summer heat.  

It could be stressful if there is a plumbing or heating issue and you're several hours away. 

But it's a 3/2 and I think I could rent it for $1000-1200, has a lot of NEW things already in it (AC/heating, kitchen cabinets, appliances, flooring) but bedrooms need to be finished remodeling.