I can give you real world example of someone I know personally that bought directly from a seller (and it was "family") that went directly through a seller and is now in a situation where he spent more than the property was worth, the property had termites and needed new flooring. 

with an 1880s wood building (age of many 2 flat buildings) it’s not if you have rotted wood but where. for me it was a constant battle caulking/replacing windows spraying insulation to keep cold air out and conducting yearly termite inspections. you might still have some of these issues with brick buildings but you have more time (fix it this year as a opposed to right now) @Mark Ainley curious if you have any other anecdotal reasons why brick is better than wood- i know i’ve heard this come up on the podcast numerous times

Then we followed up with a termite inspector he said the house was ok bc it made out concrete and the rest some metal part?

The current value range is $210,000 to $229,000 and through its current rental term, it cashflows about $250 per month.

The current value range is $210,000 to $229,000 and through its current rental term, it cashflows about $250 per month.

That can include roof, water heater, HVAC, plumbing, electrical, mold, rot, warped floor boards, bad foundation, termites, sink holes, fascinating animal occupants, bad reputations (that was a drug house or had a fire or was used for other things that I don't want to mention), and so on.

Typically, over the long term it is more expensive to rent the SAME property compared to buying since there is no equity in the house if you rent it.

The only thing i really need is plumbing,Boiler(convert to central air) and some termite damage. 

We recently pulled up some rugs in Berwyn and found termite damage which made it impossible to save the floors.

Both short term and long term. It