I don't really like those types of properties.Additionally there are some Dollar Trees that occupy old pharmacy buildings that have great construction in strong suburban areas.You can also sometimes find pharmacies with vintage Rite Aid leases that were converted to Walgreens when they did the partial buyout.

i.e. similar vintage properties in the same submarket or a similar submarket- What is the debt strategy?

My current obsession is building vintage motorcycles into cafe racers.

We did our home in Palm Springs and found great deals at Living Spaces, Tuesday Morning, BBB , Marshalls,  Ross, Overstock , Amazon, West Elm (clearance) and awesome vintage stuff at Revivals , a resale shop.

If you want, you could switch to 2 prong outlets, but I wouldn't spend the money on GFCI's.This buyer clearly needs to be educated that any house of the vintage in Texas which he is shopping will have these types of circuits without a dedicated ground.I own two 1950's houses and am under contract on a third and they are all wired without a dedicated ground.

Buyer's wanted a new sewer line (common around here for certain vintages of houses, another thing you can add to your list of long term, expensive repairs).

If so go 60% costs not 50%.1966 vintage age buildings come with lots of issues versus newer building 80's etc.Some areas all you have is older buildings so you check for problems and take off deferred immediate CAPEX with your offer.Verify that the 700 is actual rents versus gross rents.

23 months ago I purchased a 2007 vintage 3/2 1156' single family home in a growing development for $89K to live in while working at TAMU. 

Hi Ted,Determining property value is part science part art: you'll need information of similar property sale price (in the same location, vintage, type, etc).

A positive is that the house has a super cute vintage feel to it with good curb appeal.