I imagined that to mean that a 1920 home with no renovations would cost more to insure than one updated to 2024 specifications.Is this something that is just "known" to flippers/renovators and I am just coming across it?

In my area these are rare so they are difficult to set market rent, and I imagine get a lot of wear and tear with a lot of occupants living there. 

The family has three kids, could you imagine taking all that to a laundromat!

I imagine people who've had 2nd or 3rd houses in hollywood hills are not interested in rebuilding or doing the work. 

Imagine having the majority of the section 8 tenants, with that steady and reliable income.  

I imagine the only way it would be possible is to do the bulk purchase in cash, sell off a couple and then put debt on them?

Can you imagine what that review would sound like?

I imagine cost of labor might be a little bit cheaper in Idaho compared to Connecticut as we ended up paying 10k for gas furnace and 5k for AC with 10 yr warranty for Lennox product.  

Imagine you put down 3% on a $400k property. $12k.

Also, if you're familiar with Chicago, it's your standard 6-unit building, so imagine the sidewalk surrounding it.