The age of the property doesn't always mean things aren't still functional, and safe.

Hi, Sorry I wasn't familiar with the website reply function, so I replied to your helpful reply in the post itself!

The rent needs to justify being able to maintain a clean functional rental though so do that analysis as well. 

(and I don't see a delete function). :)

But as a business investment...you are not allowed to over pay (I mean you can if you want but your business won't function for very long).So we look for properties in disrepair, buy at a deep discount, renovate them, refinance, and repeat...or the BRRR strategy using a Bigger Pockets term.Hope this helps in some way but feel free to tag me with any other questions.

The tenant was also charged $130 for tenant caused repairs (I.E. dog holes in back yard).The work needed upon move out was:- Full paint including ceilings in all 3 upstairs bedrooms - normal wear and tear- Paint interior and exterior doors front and back - normal wear and tear the sun beats down on these doors- Fill in all nail holes and repair where old curtain rods were on windows- Install smoke alarms - normal upon move out- Change furnace filter - normal upon move out- Fill dog holes in back yard - Check all plumbing and electrical to ensure is functioning (switches, plugs, outlets, drains, faucets) - precautionary to avoid maintenance issues as it is cheaper to do everything at once rather than have several maintenance calls after a move in- Roof repairs - not tenant damage- Ceiling repairs in upper bedrooms - due to roof leak- Repair storm door on front and rear entry- Remove all debris throughout the property- Check all cabinets, doors, hinges, are tight and open/close as they should - precautionary to avoid maintenance issues as it is cheaper to do everything at once rather than have several maintenance calls after a move in- Repair kitchen cabinet that is leaning forward - minor repair- Install shower head- Reglaze bathtub - not tenant damage- Install light bulbs in every socket - normal upon move out- Check all ceiling fans operate and install globes where missing - precautionary to avoid maintenance issues as it is cheaper to do everything at once rather than have several maintenance calls after a move in- Change front and back entry door locks - normal In move outYour response below:Skye,Isn't this supposed to be covered by the tenant's deposit?

The version of the VA renovation loan I have access to will function like that and not all VA lenders allow that.

Some states allow for anonymity within the Series LLC itself, while other states we utilize the Land Trust for the same function and anonymity.

The prettier and more functional your place is, the faster it will rent, no matter who the tenant. 

@Dominic Richardson You can also try distressedpro.com they have a bank prospector function that helps to target banks in your markets you are looking for. its about $100 per month, but might be worth it for you if you want to get into it.