I love it you are the first to actually tell that little intricate detail about borrow what can cover the rent and maintenance.

However, they often come with a set of considerations that potential buyers should be aware of:Knob and Tube Wiring:Pre-1940s homes may still have knob and tube wiring, an outdated electrical system that may require replacement for safety and compliance reasons.Plaster Walls:These homes typically feature plaster walls, which can be more time-consuming and costly to repair or update compared to drywall.Unique Architectural Features:Pre-1940s homes often boast unique architectural details, such as intricate moldings, hardwood floors, and ornate fixtures, adding to their character.Potential for Major Upgrades:Buyers of older homes should budget for potential major upgrades, such as HVAC systems, plumbing, and insulation, which may need modernization.Post-1950 Homes: Convenience and Modern AmenitiesHomes built after 1950 present a different set of characteristics that may appeal to a wide range of buyers:Drywall Construction:Post-1950 builds typically feature drywall construction, which can make renovations and updates more straightforward and cost-effective.Modern Electrical Systems:These homes are more likely to have updated electrical systems, eliminating the need for costly knob and tube wiring replacements.Efficient Insulation:Homes built after 1950 often have better insulation, contributing to energy efficiency and potentially lower utility bills.Updated Plumbing and HVAC:Buyers may find that post-1950 homes have updated plumbing and HVAC systems, reducing the need for major upgrades.Recommendation: Investing in Post-1950 HomesGiven the potential challenges and costs associated with renovating pre-1940s homes, our recommendation for the Columbus, Ohio market is to consider investing in properties built after 1950.

Personally I feel that retail is the most intricate of all commercial real estate, however, I also find it the most fascinating, fun and rewarding of the venues. 

These agreements should outline repayment terms, interest rates (if applicable), and other relevant terms.Tax Considerations and Structuring:When dealing with multi-state properties and a complex LLC structure, tax considerations can become intricate.

Good Morning Emily,I do not want to inundate you with too much information that it is overwhelming - but the Hilton Head Rental market is very intricate so I will try my best to give you an overview sense of it - as it comes down to many factors for each property. 

@Martin Neal I am a newbie and I am very grateful for your story and especially those intricate details of your deal.

There's a pocket of really cool homes in the historic district that you can get tax breaks on if you fix them up (intricate process) and there's a good opportunity to BRRRR in the area when that's not the case in much of Durham due to home prices but renters are there - you just have to know what the renters want :)It's also a cool little area nonetheless with great people and awesome food.

Many times landlords have ran the properties for years and they are TIRED.Based on all the listings I have had in Multifamily and the stories they tell me I would pay the fee for a great property manager.The benefit to owning a 50 unit or greater is usually you can land a 5% property management fee and the company will have a system in place versus a manager doing 1 house who is "winging it".Saturation rate for the area (competition) for your properties product mix and amenities will be key as well as proximity to jobs,transit,restaurants, medical facilities,etc.I don't worry that the property is vacant.Even in high crime areas it's all relative to price.I would not recommend buying in high crime areas for a novice.I have investor groups who do nothing but this and buy really cheap.Eventually these nodes will be redeveloped and cleaned out if you buy right but you have to know the city plans and intricate workings of the area.Don't listen to a seller telling you when occupied it rented for 600 a unit.Base your numbers off of what the market will be doing after your rehab.If rents were at 600 a unit but based on data have declined 1 percent a month and rents now are at 480 then when rehabbed in another 4 months your lease up might be at 460.Look at the big apartments to see what kind of specials and concessions they are running in the local area to lease up.We could all go on forever with suggestions.You really need to work with someone who has intimate knowledge of the area you want to invest in.When doing vacant or development deals the biggest mistake I see developers and investors make is to do rosy projections that 80% of the time do not go as planned.Plan for the worst but hope for the best.

A few of my inexpensive ideas to uplift a unit: If you have floor registers, replace old worn ones with new ($5).Put a strong decorative curtain rod in the living room; make sure it is easy to clean, meaning smooth - not intricate - ends.

A Tribute to Julio Gonzalez @EngineeredTaxDear BiggerPockets Community,As we traverse the intricate landscape of real estate investment, it is imperative to delve into the profound significance of proof of income, specifically the last two years of income tax returns, as mandated by lenders.