You may need a sprinkler system, new water lines (1 for domestic, 1 for fire suppression), new sewer line, fire alarm system, etc.

I’m curious to know if any areas have suppressed values.

As newbies, we were not prepared for the significant work required to the fire suppression system, fire doors and other deferred maintenance issues.

Rates have been suppressed for a considerable time, the mechanisms to do so coil up like a spring and at a point have so much tension that it can't really compress any further, that's where we are today. 

One of reasons I think you are seeing even large apartment complexes built as a bunch of small multi is because the fire suppression system is getting significantly higher so by building less population dense buildings you can circumvent a significant cost.

Wages don’t rise much either, suppressing rent growth. 

@Brandon Sturgill More people continue to get scammed when you suppress the truth.

These are simply economic norms and factors of the market at large, but I find them to be good ways for us to understand intuitively WHY interest rates do what they do (ignoring the governmental suppression of the rates, of course).This will roughly track with the rates that lenders use, but it may look more like a blend between commercial lenders and hard money lenders.% of profit is a great concept and I love that it aligns interests, but know going in that it significantly increases your administrative burden compared to a simple % on the loan.

But then, maybe the buyer's premium (up to 5%) in the PSO auction suppresses the final bid.One property was located in Stark County, the other in Franklin.

That likely means fire suppression system, hardwired alarms, etc.