Rents start about $1.30 per square foot and go up to about $2.10 per square foot.

This is already well above average of the area, however the property is unique in the way that it has a 150 foot driveway pushing it far off the street and giving it a very safe and and secluded feel.

You don't want to begin your relationship with your tenants on the wrong foot, nor be tasked with finding replacement tenants right out the gate.From my perspective, as an investor in SF where cashflow is even weaker, your numbers look ok, IF: 1- this is a decent area with solid tenants that are responsible and easy to manage and 2- if it's realistic to expect good appreciation for your bldg.

You've already got your foot in the door of the industry.

If it's replacement with a 6 ft picket privacy fence then the price is about $16.50 per foot which is on the high side but not too bad for my area especially if it includes a gate which is there but not mentioned in your quote.

Long story short: Not having to rent/ be temporarily homeless, $200/mo cashflow, "foot in the door."

So essentially the HOA in question shot themselves in the foot and everybody who was an existing owner by robbing them of 20% of their value.

What you do there is find properties "most like" what you have in terms of size, location, building square foot, building type ect.

Cost of this property after repair totals at high end $43k (40 square foot) on 1064 sf house.

Remember, in these old houses, lumber was milled locally, in many cases on-site, and frequently by hand, so why would you invest effort to mill a support pier that will be unseen in the basement when it makes no difference to its function.As Brian indicated, houses were built experientially back in {pre}Victorian era and lumber was not graded as it is today - mind you, much of the lumber was of a far higher quality than what we harvest these days.The key thing to look at is whether these unmilled piers are set directly in the soil or if a footing (likely stone, but possibly concrete) was put underneath it.