I'd be looking at discounted homes built after 1960s to make any money and would have to be 60% of value which I just don't think exists anywhere right now at scale. not 100 year old homes boarded up with knob and tube wiring, old HVAC, cast iron plumbing, etc. might as well build. a house 

(Here's looking at you Orangeburg Pipe...)1900-1940 = Knob and tube wiring, Plaster, cast iron/ clay pipes, etc. 

But I lived I in PA proper 1989-1994 and visited EPA when I wanted some down home bbq ribs (during daytime I might add ;).

Balloon" framing (1920's I believe).Radon.Plaster and lathe instead of sheet rock (pre 1950's) or plaster and wire mesh variations (50's) more solid than sheetrock but a real b*tch to repair or demo if you're remodeling.You've got Galvy plumbing but also need to look out for other kinds of outdated plumbing like clay sewer lines (pre-1930's, prone to collapsing, bellies, root intrusion), cast iron (1950's, often rusted and/or cracked by now), and PB (polybutylene, gray-colored water pipes, 1980's, prone to rapid degradation and subsequent bursting, mostly gone by now).Buried Oil Tanks-- Do you have those there?

We plan on having those details ironed out before the next offer.

Hi all,We have a multifamily complex from the 1970s with a cast iron sewer line running under each building.One of the lines is corroded and we unfortunately just confirmed it is leaking.

Hire a surveyor and a real estate attorney (if necessary) to iron this out.

If you are saying they are too close to a hard money lender in terms of pricing I beleive what you are saying is they are the cheapest hard money debt you have been able to find :)  Ironically Spring Garden Lending came into existence when Univest acquired VG Bank many years ago.

That's a great summary of lessons learned @Adam Harrison.Every real success story I know of involved years of struggle and a bit of monotony until the details got ironed out (and honestly, I don't think anyone ever achieves perfection... even if that's what they'd like to project).

I was looking into this about a year ago and the rules weren’t ironed out and I couldn’t get much information.