I currently live in Charlotte, NC but am originally from the Pacific Northwest with strong family ties to Southern California and would like to eventually be a Design-Build-Developer in all three areas.

Knob and tube is huge if there have been no renovations and can also be coupled with outdated boxes from Federal Pacific which are a hazard in an of themselves.

Welcome Nan,Interesting to see someone from outside of the Pacific Northwest investing here.

Without knowing more about plumbing and electrical, I wouldn't do anything about it, unless you've got a Federal Pacific Electrical box or something dangerous.

If I were you, I would look in depth into the numbers and being a landlord, as a long time landlord, I would tell you that paying 100k per 2 bed apartment needing work (even in Hamden) is rather pricey, and id be willing to bet that the listing agent knows that also. if the place were ready to go/updated, different story....bet your potential tenants will know that also. keep in mind, being a landlord means you will have to do at least the following:1. lead certs (an annoying expensive hassle every time a tenant changes over) or you could go lead free, prepare for that expense.2. rent court/evictions (might happen)...rent the movie pacific heights3. repairs/maintenance....particularly in an older building already needing some work.4. water bills....Baltimore city government's version of rape....prepare to pay every bit of 500 a quarter in a place like that, more if you have boilersAnd most of all YOU WILL BE LIVING AMONGST YOUR TENANTS. think of all the potential hassles that may present for you. baring the warnings, the house is in a good location, will rent easily if its clean and functional, and will appreciate to some extent over time. rent probably wont be a very big deal to get from people renting in this area, particularly at those rental prices. very important to know the functional condition of this property, particularly its functional systems (plumbing, electric, hvac, roof) and know exactly what being a landlord means. you will be doing work to earn that rent every month.

Within 6 months I was on a plane to Guam, way out in the Western Pacific.  

My oldest biological son just graduated from Azusa Pacific University (a Christian college in the LA area of California) with a Bachelors degree in Theatre Arts and starts his internship at Disneyland in August.

Hi @Callie Mejia - Welcome to the Pacific Northwest and thank you for your service.

Also - feel free to @mention anyone you know who is here on BiggerPockets from the Pacific Northwest in this thread so everyone can be informed that this is taking place!

I know the numbers on this house are far from what people see in Indiana/Michigan/Ohio, but bear with me on these Pacific NW numbers!!