Housing stock in RI is older, look at the lead laws and see what it would take for your property to comply. 

Many large financial institutions are fond of the build-to-rent industry because demand for housing is strong and because new constructions require less maintenance and are a more predictable investment than older homes.

In the meantime, speak to a seasoned PM and see what the hangups may be. 

There are many older/outdated properties that are not properly cared for but may appear attractive on the surface.

My parents are looking to do a 1031 but they can’t qualify for a loan (the older property would only cover 60% of the new property) by themselves anymore so I’d like to do the loan under my name. 

They do annual inspections and we are totally in compliance since they confirm our alarms are tested and not older than 10 years old.

Once you have an older portfolio the tax write-offs start to become really attractive5.) if you buy 4x leveraged and pay down your mortgage 3% per year, you have a 12% ROI just by making your payments, no appreciation necessary.Real estate investing as a whole is generally cash flow negative.

I am seeing a lot of new homes near Downtown that are good for the price and have great potential but they are in older neighborhoods.

A gentleman was burned by Potsdam NY when he was trying rezone some land.  

Is there a seasoning period?