@Nixon VayupakEven though technically I dont live far from Iola cant tell you much about it other than Iola will not have a "war zone" ...ha - this is a small country town and I'd really review your figures on ARV - you could have bought a meth house, a house where someone had 15 dogs/cats living inside, Grandmas house thats extremely dated with the original 1940 decor, to hitting a homerun with a house someone really cared about and kept up well and everything in between.You'll have a challenge finding contractors and more than likely if you do have local ones they will work at their own speed/pace.  

So, I was able to get the property for my client well below appraised value.Here's the problem for educational purposes:The photo is looking down through the floor drain in the master bath shower with the decorative drain cover lifted.

The tenants areas of complaints were largely centered around what he called 'decor' and not habitability.

You can often get good wood look tile on sale at Floor and Decor for close to $1/square foot and then you're paying about $1/square foot to demo out any old tile and $2.50 a square foot to lay it.

Go with the newer house as you should have less surprises in terms of financial repairs.And decorate it the way you want so that you create the charm with your furniture, etc.

The demographics doesn't appreciate the higher end decor and hip area like those in NELA.

I don't even feel motivated to decorate nor install new furniture if another flood is going to ruin everything again.Edit: I apologize if I posted this in the wrong category but I am very much trying to use this opportunity to officially start my real estate journey and take it serious rather than let what happen to me put me down.

It hasn't sold purely because the owners live 5 hours away and are trying to sell in FSBO and the pictures online are still from when his 90 year old parents lived there with ancient furniture and decor. it makes a 2010 house look like its from the 60's.Again, I really appreciate your time to give me your two cents.Rental Income (1400 monthly)Less: Operating expense ($1786 taxes/insurance, 6%vacancy, water, trash, repairs, capex)Less: Mortgage payments (0% interest $850 monthly)CashFlow$16800- 5064-10200+1536

So it's really just a decoration. 

If you're really not feeling up to it, the fastest way to do it well would be to hire a decorator or even a professional stager.