I do plan to hold it in an LLC, have good insurance and umbrella as well. 3) Older homes in PS - most of the homes in PS are built in the 40s-50s and for those that own them, do you constantly run into issues with major ticket items - plumbing, electrical, etc (things that are not visible to the naked eye).

It also seems to be more common in some areas of the country more than others (due to much older construction in the region, higher exposure to harsher climates, older electrical and plumbing running through the home, etc.).

We invest in the Indianapolis Indiana market and focus on properties around the $150,000 to $190,000 range that are older homes in good areas that have updated roof, HVAC, plumbing, windows and those type of higher cost items to make sure it has good bones.   

Then you can have the specialist sub pull permits for their work under their license, plumbing, electrical, roofing, etc.. 

Advantages of New ConstructionMinimal Maintenance: New construction means you won’t need to deal with a lot of the usual maintenance headaches—no leaky roofs, outdated wiring, or old plumbing to worry about.

I have heard that heat treatment can damage silicone seals in plumbing.

I'm preparing to repair/replace HVAC and plumbing.

Home search to reno planning to paint to plumbing to floors to record-keeping and contract writing, self-managing (all). 

Also, check to see if major work like plumbing/roofing has taken place recently.

However water and gas are trickier for the property has central plumbing with two water heaters and a central boiler system for heating.