Mortgage Defaults are around historical norms.

However, inventory remains in incredibly tight, with only 1.5 months of inventory in Austin and 2.2 months in the greater Austin area (a balanced market is 6.5 months).Steve Crorey, 2018 president of the Austin Board of REALTORS®, said, "Historically, it’s common for some homes to be on the market for 50 days or more, even in markets with strong housing demand. 

So, lots of money (and Fremont has a lot) plus serious lack of new construction SFR plus still historically low interest rates mean something like this is a great deal for a developer, and actually not that risky a bet. 

Not in new bruns, but i have looked at deals on the east coast for a few weeks and found the historic growth to be almost completely anemic.

Historical median home prices increase 5.4% annually, so while we are currently tracking above that rate I don't think prices will go backwards again like 2007. 

Note that the prices and rent are at their current cost because those locations historically have not appreciated faster than inflation. 

I used to work with Victorians in Grant Park and historic items like fireplaces and original windows and plaster walls bring good money.....and you'll lose potential value by tearing them out.....also, building inspectors don't like that. 

you need leverage to scale however I would use cash flow to accelerate pay downs on your rentals your not going to get 3.75 on investment property debt.so if they are making 100 to 200 a month and you have a good job I see no reason not to snowball those amounts.but I do think you have to BRRRR and snowball the two is where the wealth generation and scale meets.. as you get older you will appreciate advice of being cautious with debt.you need to value add to create equity.. 20 to 25% equity in markets that historically have not or do not appreciate is really no equity at all if you were forced to liquidate.

Buy it at a historical low-average, and you are looking at a headache free pay-cheque quarterly. 

The drawbacks are that repairs/modifications are expensive due to the house’s age and that I have to clear everything through a historical society as a result.