It will cost more to fix them rather than get steady cash flowI like houses built in 1950-60's: good bones, some been updated and make good rentals or even flips (in flippable areas).I don't go to East Cleveland or all that war zones - I like decent tenants with good W-2 and no evictions.Cleveland is very diversified - you can't google the right location, sometimes 0.5 mile makes all the difference.Affluent locations don't get ROI more than 6-9% but there are plenty of decent stable location where you can get 15-17% ROI even now.

@Justin Foster - Yep - I think it's a shame that people get pigeon-holed into thinking that wealth building is all about income, all about frugality, all about real estate, all about index funds, all about entrepreneurship, or all about side-hustles.

I haven't covered all the typical rooms in a house, or all of the typical components, but hopefully I've given you some ideas to get started.

@Naresh HanchateSuch transaction would result in a prohibited transaction.Certain transactions between an IRA and its owner or an IRA and a “disqualified person” are specifically prohibited by law.A prohibited transaction is a transaction between an IRA and a disqualified person that is prohibited by law.The transaction that you are describing would run afoul with some or all of the following prohibited transaction rules:Prohibited transactions generally include the following transactions:a transfer of IRA income or assets to, or use of them by or for the benefit of, a disqualified person;any act of a fiduciary by which IRA income or assets are used for his or her own interest;the receipt of consideration by a fiduciary for his or her own account from any party dealing with the IRA in a transaction that involves plan income or assets;the sale, exchange, or lease of property between an IRA and a disqualified person;lending money or extending credit between an IRA and a disqualified person; andfurnishing goods, services, or facilities between an IRA and a disqualified person.https://www.irs.gov/irm/part4/irm_04-072-011https://www.irs.gov/retirement-plans/retirement-pl...

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Hey @Benjamin EllisI like Bellmawr because the homes are very cheap compared to Toms River where I live, or all of Ocean County for that matter (keep in mind I'm working with a budget up to 100k maximum for an SFR). 

That said, there are some places where the buyer may request part or all of the property to be delivered vacant.  

Hey Lud,First I would call my investors or send a text or email or all the above to them with they deal.

A rougher area up to 10% in the shady areas and only certain PM companies that specialize in that kind of thing will take it on.Another option you can do is sell out tenants, toilets, and termites and move to the commercial space with a 1031 exchange of some or all of your properties.

if your removing all the cabinets replace by taking necessary drywall off, or all drywall if rough shape.