If you can get a better deal on the home due to age its a fine and if you need financing banks do not judge year built. 

Here are the specifics on our Seattle house: 5br 4ba 3,400 sq ft, built in 2019, $1.7M est sale price, $5.5K-$6K/mo est rental value, 4.0% mortgage with $3.3K monthly payment, around $1M in equity. 

My guess is ZERO, because that area was fully built out. 

One example was having to create a 720' sewer extension of the town's sewer line! 

IOP and Folly were both sleepy little boho beach towns just like 20 years ago.

My fiancée and I are getting married in November and will be moving into a different rental in another part of town shortly after.

@Gabriella PellolioIt sounds like you’re in an exciting position to leverage the equity you’ve built to grow your portfolio. 

There are people that do flipping in other states while they live in another state from the projects and they are successful, but they have built a team while doing it. 

Additionally, any existing restrictions at the town level (there are MANY) will be abolished, unless deemed "reasonable" by the state.

small town means small appraisals. will never get it done unless you start buidling a lot of them.