When you learn about investing in multifamily, you learn how to speak their language and what to prepare when you talk with them (specific investment criteria, such as vintage, class, value-add, etc).Good luck!

Homes of this vintage will have knob & tub wiring and a fuse box (typically screw-in fuses).If you find there's fuses, then that's what you will have. 

While that is true for a lot of the 50s-80s vintage, expenses as a percentage of EGI should not be so high.

Market rent is 22 a sq ft but they are paying 30 on a vintage lease and rents have fallen since then.

There is usually option periods to renew and define what will happen.Now if the lease is a vintage lease with above market rates compared to current rents per sq ft then the tenant might ask for a reduction or leave all together if a better space is available elsewhere. 

You do not need to put in all new everything, keep the 20's charm or the vintage feel and only replace what genuinely needs replacing. 

The loans that are trading are still legacy loans with vintage (age) of the mid to late 2000's.  

Maybe 2013 or even 2014 vintage but 2016 vintage I think many of these projections are a little optimistic but defendable in today's environment.

From a financing prospective, 2100 a unit on a 60s vintage product is way low.

Wanting to capitalize on our profits, we bought a vintage Airstream to live in while we searched for the "right deal" in the midst of the insanity of Colorado's front range real estate market.