Out-dated heat is kerosene and I think it needs to be replaced.

Lastly you have tons of people scrambling to buy a house (homeowners and "investors") with low inventory in some markets... this again means you're paying close to market price for something.You might find it's easier to find a property that's nearly rent ready (maybe needs minor updates) and is outdated but still good condition.

My point though is that how the property is purchased, taken care of and  managed is much more important than any upfront financial analysis or outdated rules like the 1% rule.

And so all they have to go on are preconceived notions, which are largely outdated or unfounded.

That's another loophole not addressed.Signing a new fixed term lease contract gives them a future move-out date, but is technically not an eviction.You're not stuck with a below market tenant forever.

Maybe heating abandoned buildings, purchasing out dated buildings via Imminent domain, or hiring local property managers to lease out units on behalf of the government would be potential solutions.

Although installation and usage of this wiring was typical atthe time of installation, today's construction no longer uses this outdated system.

LOLTypically it's trash areas, professional tenants, and old buildings falling apart with outdated mechanical components and systems.  

Also, BPinsights seems a little outdated when it comes to viewing rents in the area

Some books are outdated or misleading or narrowly focussed on a niche market.