All buildings have leaky roofs, faulty heaters, poor foundations and very dated interiors.

All buildings have leaky roofs, faulty heaters, poor foundations and very dated interiors.

All buildings have leaky roofs, faulty heaters, poor foundations and very dated interiors.

Go talk in person with tenants, find out names of everyone residing on site, condition of interiors (take photos).

Particularly seeing as how tenants typically choose homes based on pictures of the interior, not exterior finish. 

Sure you pay HoA fees, but as long as you can cash flow, the actual damages are minimized since you only have to care for the interior.

@Mario Morales if you are referencing interior stairs then this is probably a relatively simple and cheap repair that a handyman can make.

Because I have not determined the best way to address an addition or floorplan modification, I suspect my analysis may “double-capture” portions of some budgeted items (plumbing, electrical, etc.) and be way high.Sorry I don’t have actual pics of the interior, but I will post the county’s floorplan sketches.Subject Property Fast Facts:- Not a registered historic home, just very old.- 1890 Construction; brick (original house) & vinyl-sided (1-story addition) - 3Bed/1Bath; 1 bed and bath downstairs, 2 beds and 1 extra community area upstairs- Originally a 3Bed/0Bath.

Best case scenario, he moves out without any further damages but he will leave you with broken windows, a dirty rental, and probably some more interior damages.

High risk, but potential for a more lucrative investment.I've reached out to a couple airbnb hosts in the area to see what they are averaging for monthly income on similar units (1950's build and updated interiors), and the range is $2,000-$2,600.