@Joshua Lanzieri when renovating older properties there are almost always negative surprises.Go watch any HGTV renovation show and most of them will have this as a cliff-hanger, forcing the choice of either going over budget or cutting back elsewhere.10% overruns happen often, but 50% is NOT acceptable!

ya or older semi retired attorney might be a good fit.. low stress get paid.

Her and her husband are getting older so they hired us to manage. 

It seems that most of the older houses we have looked at have some kind of legal issue.

Do you think a new property has significant advantages over an older one?

Would love feedback and learn from the seasoned professionals. 

If the house is older than 15 years old and an ADU is added, it can become rent controlled.

We do a similar thing for our long-term tenatns, leases start and end in July so that we maximize the demand and stay "in season" 

@Dennis Bragg I especially agree with you that "thinking about older buildings.. some folks underestimate how well older properties can hold up".

This may also fluctuate by season in some markets.