In that light, I did the math on the property to ensure that when I left and lost my housing allowance, i could cash flow it, or at least break even.  

The gas light pipe in the walls says 1860 to me, knob and tube replaced that in early 1900’s I suppose .

The most recent house we offered needs a complete remodel inside, but the structure is sound.For example, we need new kitchen cabinets, sinks, paint, flooring, and drywall in certain areas of the house that have been damaged, as well as new light fixtures and interior and exterior paint.

Ex: If a tenant calls up to complain that their drain is broken or running slow, or that a light fixture needs replacement, or to spray the Apt with insecticide, or to fix a broken door-lock or window frame, or anything of the like such as the fast repairing, touching up, painting & cleaning needed during a turnover between Tenancies...

The home was mostly turnkey, but we painted the interior and exterior (we always wanted a black home) and provided all new light fixtures and furniture.

Make sure you add some cool lighting to really make the room pop!

I am having bathroom exhaust fans wired to come on whenever the bathroom light is on.

If you have experience investing in this area of the country and can shed some light and insight into taxes, insurance, Airbnb options (easy/hard/impossible), permits, flooding, other potential issues, etc., I'd be most grateful!

Preferred equity bears less risk in light of the fact that they senior to common equity.

I created COGS accounts to match the line items on IRS form 8825 to keep it simple but most of my transactions so far don’t seem to align with them (things like tool purchases, furniture and light fixtures, and a wall divider capital project).4. ...