On older models there might be a part that is obsolete and expensive.Good luck.

And then I research mahagony and learn that people pay more for mahagony than something built out of good ol southern yellow pine, or oak.The school of hard knocks has taught me that 3 bedrooms and 1 bath is somewhat functionally obsolete for resale, but seems everyone else already knew that.

It feels like people are pulling prices out of a hat and comps seem obsolete.

Those of you guys who invest in small towns in Midwest...Do you think those small towns will become obsolete? 

I also have hired a full time transaction coordinator who makes a base salary and a bonus on every closing - his job is to make me obsolete for most of the time after AO - best thing I ever did!

And make sure to account for the following expenses:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance a) Property Hazard Insurance (0.3-0.45%) b) Flood Insurance c) Earthquake Insurance d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy) a) Water § Sewer § Garbage b) Electricity c) Natural Gas d) Propane9) General Maintenance (usually 5%) a) Upkeep § Landscaping b) Snow removal c) Repairs d) New Appliances e) Make ready10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...

There's also the issue of being able to sell a non conforming property.  2/1 is deemed functionally obsolete by todays standards and isn't particularly easy to sell on the retail market.  

IE they just build new units and the old one's become financially  obsolete and end up with all sorts of vacancy problems.. but any way not really any kind of expert in that..

Now, is this eviction considered obsolete until I actually receive my cert?

Obscene property taxes, union stronghold, old and obsolete manufacturing base, decaying infrastructure, terrible weather, corrupt politicians, and the list goes on and on...