Once you do this light remodeling work then your unit will stand out from the others when you rent (because most of the other rentals will still be outdated).  

Due to the extended list of improper and outdated wiring mentioned in #10, we need an exact quote on how much it will cost to repair all electrical issues throughout the premises.6-Must install all appropriate carbon monoxide/smoke detectors as needed all throughout the living area space; including basement, stairwells and other living areas. 

Only a few people with very specific interests in those areas would be willing to plunk down that kind of money for such a small, outdated unit.

In a way the way how school is exactly now......I really don’t see why this outdated model is still being pushed and marketed to mainstream America.

This is a red flag that the landlord is trying to get the money out of my unfairly.Faucet: The faucet in the kitchen broke down within a week before the move out date and there was a water leak.

So, if you can increase the rents by adding value (renovating to increase rents or decreasing the expenses), you will force appreciation and increase the property value.So, you want to purchase multifamily properties that are under-rented, outdated, and are spending too much on expenses.

Paper applications are outdated, but I do have a section I can have them sign as a release on paper, so I can call their employers, current landlord, etc. 

A hodge-podge of updates over 100+ years have left the houses with awkward spaces and outdated everything.The larger house is 1,625sqft duplex with a 3 bedroom unit on the first floor and 2 bedroom on the second floorThe small house is 1,150sqft duplex with 1 bedroom on the first floor and 1 bedroom on the second floorAsking price (FSBO) is around $240k for both (7 bedrooms total, 4 doors) but I'm fairly certain there is plenty of wiggle roomThese houses need *complete* remodels.

The property was very clean, but extremely outdated except for the roof.

(be more conservative with this number than bullish)Then I would look for a property that is in a distressed condition, but one that you are comfortable with (focus more on out dated vs needing full gut rehab).