“Because the $20,000 took so much away from their equity to put into another home, they decided not to sell,” she said.Another client of Chaname had difficulty selling his home because would-be buyers balked at paying $16,000 more for a home with HERO-financed air conditioning, duct work, water heater and insulation when similar homes were selling for less.The buyers argued they were paying for the improvements twice – through the higher valuation on the house and assumption of the loan.

Cosmetically, it needs lots of updating, and it doesn't have some standard amenities like parking and central air that most expect in this neighborhood.

If they call to ask about a light bulb that burned out in the ceiling fan or the air filter in the HVAC, how well can you politely but firmly remind them that it's their responsibility.

The units were causing so many issues that rather than having a tenant call describing no air every month it was better to replace the units. 

I am an electrician by trade and own a 1916 home myself so the commonly frightening buzzwords such as "knob and tube", "plaster walls", and "asbestos tiles" don't carry quite the same weight with me but it will be nice to have someone who is as objective as possible.If you feel comfortable answering, could you share what you budget for repairs on these older properties?

We stayed on air mattresses at a friends house.

This is  pretty spot on,  Its also  safe to say that town  off the speedline like  Audobon, Collingswood  and all of the Haddons were  mostly built in the early  1900's  similar to Philadelphia so even with a  rehab  I would  higher the  cost of  repairs  withholdings  close  to  8 to 10% and  youll have  the majority with Knob and Tube!  

I know that that would not be legal where I am, for a variety of reasons, not even for the 5% fresh air, nor the above ground feet, nor the fact its not on the CO).

The apartment offers hardwood floors through out, huge master with its own bathroom, central air, storage space, and a balcony.

The article references a proposed closure of the Air Force 440th airlift wing - that already happened.Also, take a look at the significant drop in ranking for Fayetteville on the Milken Institute's 2015 Best Cities list :http://www.milkeninstitute.org/publications/view/758