Check when the roof was replaced and the age of the mechanicals too.Good Luck!

I have decided to jump into real estates after the age of 50.

I found it to be a good area for many reasons (including wanting to live there personally) but of course the age of homes in the area oftentimes lends itself to if you're likely to find an affordable duplex at all.

I got my passion for real estate from him at a early age. 

Someone has done something similar to what I want to do - building new mixed into an existing neighborhood - with five homes all side-by-side that average over $100,000 more than the existing homes in that area.Some of my questions are:Is there reason to be concerned that existing homes in the neighborhood have low values because of their age and condition, keeping in mind I want to build 9 or 10 and raise the level of the neighborhood?

Still a high percentage of owners who are getting up there in age, and cap rates for MHP are still several percentage points higher than other asset classes.

I already know my lender's basic terms to estimate the mortgage amount and use a vacancy rate of 1 month's rent and base my maintenance estimate between 5 and 10% depending on the type and age of the property.Note: I have 8 rentals and am by no means an expert.

In this analysis, income stability takes precedence over job stability. 4155.1 4.D.1.d Borrowers Returning to Work After Extended Absences A borrower’s income may be considered effective and stable when recently returning to work after an extended absence if he/she is employed in the current job for six months or longer, and can document a two year work history prior to an absence from employment using traditional employment verification, and/or copies of W-2 forms or pay stubs. 

I have a 30 year old triplex and toilets of that age use 6 gallons per flush.

I'm still in the dark ages... using a Google Sheet and grinding it out... ugh.