Older homes may need updated style, but as long as your rough-ins are intact, everything should be fine. 

If you want to fix it up while it’s still in their name and then sell it tax free, fine.

In the thread of a conversation, statements may be made that are fine within the context of the conversation, but may not reflect well or accurately when the snippet arises within a search engine or other index tool.There may also be information that I/we are happy to share with the BP community, but not necessarily with the Internet-at-large, especially any details about our specific properties or business practices and processes.

The “buyer beware” philosophy is fine for commercial transactions, but taking “advantage” of home owners when they’re most vulnerable and lack market sophistication is something no right thinking person wants.  

Whether you need a CPA with just three rentals depends on the complexity of your situation and your comfort level with DIY tax prep.If things are pretty straightforward, you might be fine with tax software for now.

I'm not an attorney myself but I do have one combing through the fine print of the contract at the moment.

Most neighborhoods you will be fine in.

The rates are high right now but these loans are limited based on cashflow so you cant take a loan that costs more than you're receiving in rental income.

When I asked for a loan, they asked if my business received money in Euros. 

Every month you receive cashflow from rental income.