Brie Schmidt pretty familiar with that Chicago vintage and concur it is likely due to antiquated cast pipe or its layout.

Have yet to attend any REIAs, but tentative plans are to BRR and seek out fix-and-flip gems. 

It's a great hustle and you can really uncover some gem deals other investors miss.

I’m not going to say “stud,” but if you dig a little you can certainly find some gems. ...just my opinion.

You can find some off market gems if you put in the work.Calculate rent/expenses as if you weren't occupying to assess the deal then figure out what you would be paying out of pocket.

It's a hidden gem that if you have the experience to take it on has huge payoffs.

Vintage product from that time frame you mentioned land was more readily available and costs were low.So density built and number of units were low for the acreage the property sat on.So even if you have 52 units today that might not be it's highest and best use.Might be better tearing it down and building higher density apartment complex on the land or rezone altogether for mixed use or a different asset class (retail,etc.)From the time these buildings were built the surrounding areas might have changed in plan and in purpose as well as other new product on the market that is competing.If these are all houses or quad's spread out etc. then look at the whole portfolio and see the potential of each parcel.Is the building close to commercial development??

There was a 60's vintage cast-iron dark blue bathtub and over the years, the soap scum had built up on the enamel to a point that the blue had turned green in places.

After viewing over 20 properties and neighborhoods I found the spot I wanted to stick to and find a hidden gem.

I would come across 3-4 true gems every year when buying for my own portfolio.