I also restored a house that was built in 1920 - that was a big project!

If you do LVP throughout using a floating product so you can restore the wood floors if you want to down the road. 

I know this post is old, but DOM Roofing & Restoration replaced 4 roofs on my rentals in the last 3 years through insurance.

If the property isn't zoned 2-family and/or the conversion wasn't permitted, you're looking at costs to restore it to a one family or permit it after the fact.  

After a roof repair and flood restoration within two months of each other I ended up with nearly $8,000 out of pocket because the rents hadn't been enough to cover those huge incidences.

There is a severe lack of supply when it comes to affordable housing.It’s remarkable to see how it can transform someone who is homeless and being able to help restore their dignity has been a spiritual return that is “priceless”.I’d like to see the VA do more community outreach at local REI meet ups.

Either buy the cheapest house you can be happy in and invest the rest -or- buy, repair, resell every 5 years.  

I would suggest when you're ready to purchase a place, buy something that is either a 2 unit (or 3 or 4 unit) to live in and rent out the rest.....or be willing to rent out the basement or extra rooms in your home.

Fully restored, it will be worth 8-10x what you paid for it.  

Oh well, it is just another bubble waiting to burst at this point.They recently tried the reducing automobile lanes to accommodate bike lanes thing in L.A...they call it a "road diet"..it backfired as residents and commuters got fed up with it...and now they are restoring the lanes. http://baetrice.org/new-lanes-coming-to-vista-del-...No common sense with so many of these so called political 'leaders'.