In some older neighborhoods especially historic districts, the tenants look for older houses - they preferred the art deco bathroom tiles, the thick plaster & lath walls over granite countertops and stainless steel appliances.but class D neighborhoods are easiest to tell. 

With this method you can you find properties that need work and at a discounted rate, fix them up and then rent them out to add them to your rental portfolio. 

Look up 'Margin vs Markup if you're curious.)So if my Plumbing Sub-Contractor gives me a bid of $20,000 for your project, I will not tell you that number, I will just have a price of $25,000 for plumbing on your Bid/Proposal.Note: It does come out close to even for you........my plumber gives me a steep discount because I give him $100k worth of work each year......

Offering discounts and opening up your calendar are great steps.

I still have plenty time left saving but when the time comes I’ll either be looking into conventional  loans, or some type of remodel loan to pay for the repairs of the property I am looking to fix up, because as far as I’ve seen so far it’s hard to find a good deal starting out unless you buy it as discounted as possible and put some sweat equity into it, let me know your thoughts on that ur possible.

Worst case scenario, we sell the seasoned, performing note at a discount.

I spend roughly $120k on my renovations, but this is for the entire property and developing the secondary suite which certainly costs more (2 new furnaces, all new plumbing, new kitchens and bathrooms with tiled floors and showers).All said and done, I personally love it.

He went back inside and got another photo of the bathroom.

The bathrooms are very narrow so I was wondering if there's a requirement to have a bathtub.

I say if you can keep it, keep it.  3 bedroom 2 bathrooms houses are my favorite rentals.