We are staying away from early 70's build and going after the somewhat newer vintage since the cap rates have a pretty small delta.

A few things I can make out:Pts(too high), brokerage(2K-too low), 1910 vintage home-red flag, plumbing, structure, termite, fungus, electrical, foundation ..... 

I, for instance, look for properties that are 1970 vintage and newer, because older properties tend to have higher CapEx.

@Matt SicignanoYou are correct that the sheriff will give the occupants a few minutes to gather their immediate property- such as jewelry, computers, etc - while the Sheriff is waiting on the doorstep for all occupants to leave the premises.

Well do the math.I am not promoting any area, I just think people should do a correct analysis to determine a good market AND that is not using price to rent or crap rates or cash faux.

They buy a lot of gold and diamond jewelry. 

People who can't afford the Heights look in this area.All work was permitted and from a process vantage point I own a company that specializes in what we call "Vintage Renovations" within the 610 Loop.

I am also stealing the idea from HGTV show about a vintage claw in bath tub.

See also the discussion on this BP topic and plenty of others, especially 2008-2010 vintage (and even later), when banks weren't lending much, if at all.

They've got some out there that has a very believable faux wood finish that is darn near bomb proof.