If the home is 100 yrs old, I'm assuming it's a definite gut which is going to require new plumbing, electrical, heating, cosmetics.I spent about $140K reno on my multi family in the heights on NY ave and there were massive problems with it but it was a gut to 3 units & adding 2 bathrooms, 3 brand new kitchens 4 bathroom reno in total, all new flooring, sheetrock , insulation, framing, doors, electrical, plumbing, paint, parts of roof etc.

At least that way you'll get a pretty good idea on whether the original valuation is accurate or not.As for what to *do* with the valuation: @Rui Dias Costa took the words out of my mouth :)Sidenote: Are there any chances to add a significant amount of value to the property (e.g. another bathroom/bedroom)?

We finish a bathroom we can request an inspection, they come in inspect we get paid say 25%. 

Quote from @Sarah Kensinger: In some properties we might stash some under the bathroom sink in case a guest forgot theirs, but it's not something common we do.

Start with a rental that has modest rehab requirements such as updating kitchens and bathrooms and make sure you qualify for permanent financing through a lending source that offers interest rates similar to that of  a bank.

Most landlords will use the remodel clause to remove tenants if they dont want to sell.Just replace the kitchen and bathrooms.

I don't remember if there is a bathroom in the area or not, which of course is a downside.  

I have a stunning 5-bedroom, 5-bathroom, 4,300-square-foot single-family home in Cleveland, MS, that I’m looking to sell.

I turned the extra room without a bathroom into a workout room as a bonus amenity.

For 2025 we are assuming it will rise at $1500-1600Same townhomes pending at $260’s; if we upgrade kitchen/bathroom around $275 upCurrent tenant leaves Dec 31, 2024 Assuming rent stays the same for LTR, we will be cashflow negative since Home/Hazard Insurance and Taxes will increase inevitably.Should we:1.