This is recognized by financial planners, bankers and other experts from coast-to-coast as a valid strategy where it meets the consumer's need.I don't take ANYONE at their word because of their age, sheep skins or experience. 

One of the biggest pitfalls is the age of the buildings I'm looking at. 

It wasn't a good deal $90k because of the age, weird layout, and the bathroom was tiny. 

When I was his age and even into my early 30's I had a fear of speaking to people or publicly and am comfortable doing it now, but we have felt this is a good skill to have.

The other thing to consider is the age and if you add a second floor will the entire structure need to be brought up to code for hurricane and wind.I live in a neighborhood where the homes are older (not in florida) and the foundations are hollow core CMU and adding a second floor would not be feasible due to soil bearing.

I wish I started to look into RE at that age! 

They are not able to assign a value to things like roof age.

Its extremely important when running tighter margins like what you're talking about to focus on age of HVAC, water heater, appliances, roof, etc.

Not all do, and there's potential those carriers won't accept the risk for a myriad of other underwriting reasons, too- age, current condition, etc.

Age wise that's not bad and is pretty typical for investment class assets here in Memphis.