I plan on gutting the rest of the bathrooms and making them more modern than what's currently there. 

Hint: if there's only one box for the rental income then enter the combined rent from the purchase price.

@Kenneth Hynes LVP looks more modern and will help the apartment stand out.

@Yang ZengYour situation presents a common dilemma for real estate investors: deciding between investing locally where you might be more familiar with the market but face high property prices, or exploring out-of-state opportunities where properties may be more affordable but come with their own set of challenges.Here are some considerations:Risk Tolerance: Take into account your degree of comfort and risk tolerance while managing properties remotely.Objectives: Specify your investing objectives, including cash flow, appreciation, or a combination of the two.Market study: To fully grasp the development potential, employment opportunities, and rental demand of prospective out-of-state markets, do in-depth market study.Hybrid Strategy: Another option is to choose a hybrid strategy, where you invest in a combination of local properties for stability and simpler management, and you set aside some of your portfolio for out-of-state properties for diversity.Before making a decision, it's essential to consult with real estate professionals, conduct in-depth market research, and possibly network with local investors in the markets you're interested in.Remember, there's no one-size-fits-all answer, and the best strategy depends on your financial goals, risk tolerance, and personal preferences.

Hello BiggerPockets Community,I'm embarking on an exciting journey to acquire and renovate a duplex from 1900, aiming to tackle the inherent challenges of outdated insulation and the lack of modern vapor and air barriers.

Gross yearly income combined of $210,000.

Just get a proper home inspection and investigate the basement quality, electric type (i.e. knob and tube, aluminum, ungrounded, modern romex), plumbing type (i.e. cast iron, galvanized, pvc), and just be overall ok with an older building material.

That was one of many reasons why I originally got into REI.A combination of flipping and STRs can be a very successful strategy.

While there are a few trickier technical items that make it work on the back end, you can use AI and trends.google.com to combine automated blog creation with high-performing keywords. 

Our solution combines real estate data with the power of AI to help users analyze their deals faster and with more confidence to make better decisions and in turn buy better deals.We're in the early stages and would love to hear from you.