This isn't always a deal breaker, although many carriers tap out at 100 years old even with updates.2.

So why would you pay even close to what they paid at the peak of the market in 2022?

It may even be higher than 5% depending on the area. 

That is the reality of these properties and why they are rarely sustainable even if they appear to be cash flowing.- It costs me me less to turn over my 1500 SF units that rent for $3k/m then it does the same size section 8 unit because the property is cared for better and experiences less  wear and tear while fixed costs like cleaning and painting are easier to absorb. 

Even in your area, you may meet other out of state investors so you have more context for when you talk to the people who will make up your team there.

You may not even need an Electrician, a good Handyman could do that....How much money are we talking about here?

This will affect things like required down payment, rates, and even which lending institutions would be willing to finance. i encourage you to look up warrantability for financing just so that you don't have surprisses when your 20% down buyer cannot finance that way.

I am looking at different loan options but to break even (not having to put any money of my own in the house after the initial down payment) the current down payment required is that much. 

The algorithm scans keywords in your listing description and even the alt text of your photos to determine relevance.For example:A picture of a game room could land in the "Play" category if the photo’s alt text is labeled something like: “Amazing game room with ping pong and pool table.”A picture of a beautiful view of land with the alt text being “Beautiful view of the countryside”Your photos can do more than look good—they can strategically get your listing into multiple categories by including targeted alt-text descriptions.The more categories you rank in, the more visibility your listing gets, leading to more clicks and higher rankings in Airbnb search results.Testing and Improving Your CTROnce your photos are optimized, it’s time to test their impact.

and they charge per door and not sure if they even offer everything that I want.