One of the properties sold back in December 2023 and we were told that we would be receiving an update of the profit in January.

Or, ya know, pay someone to do all that and hope n pray there is any profit left on it for you. 

Some areas may still be good to invest in even with global uncertainty.Interest Rates – Try to get a good mortgage rate now, as waiting for rates to drop could be risky.Cash Flow – If the rental income covers your costs and gives a profit, it's a good sign to buy.Long-Term Thinking – Real estate tends to grow in value over time, even if there are short-term changes.Rather than holding off, look for deals that make sense for your goals now.

Keep in mind @Mario Morales that they take premiums, invest them so there is a profit component on invested returns, and hence amplifies how far the $ can spread on payouts. less than stellar returns and expanding claims, yes, rising premiums is a certainty. 

To determine the best option, we should run the numbers for both scenarios and see which is more profitable.

Changing whole buildings over isn't always practical (or prudent) and we will be running buildings profitably with galvanized pipes in the walls for the rest of my career. 

They could provide the funds needed to complete the project in exchange for a share of the profits.

If you don't have a unit open to cycle each tenant through while you renovate them, you don't have an option because things will keep breaking when occupied and you will be getting less and less rent and no profit for years.

Profit margins are tight and every penny counts.

We have a handful of properties in TN and MS, mostly older homes and maintenance is starting to dig into our profits.