It looks like it came right out of 1970 and old and outdated, but it is an easy read and great information that transcends time.

I've read that you never should pay the asking price, and that is true about how out dated it is.

The exterior and interior of the property is outdated.

The bedroom floor is outdated (except for the bathrooms) - doors and trim are from the 70s (when it was built).

The house currently has a fuse panel and outdated wiring.  

You're going to be spending money on something that will likely not bring anymore rent and will possibly be damaged by even the most careful of tenants.Now that also depends on your tenant base, but I for one have seen that 95% of tenants don't take a second thought at that "outdated XXX" because they understand they're renting not buying.

Kitchen is a little outdated, same with bathroom, but it commands a rent of $950.Unit 2: Ground floor 1 bed/1 bath apartment.

They may have rebates available for upgrading your outdated HVAC system.

The neighborhood is pretty old and outdated but safe and close to wal-mart and other downtown.

Not as thorough as an inspector but good for someone who may not know exactly what is considered a code violation or "outdated"