Additionally lot's of particle board was laced with formaldehyde which is a caustic chemical.Formica counter tops are known to have been laced with formaldehyde as well.Acoustical and popcorn ceilings in that circa were known to have asbestos in it which is a highly carcinogenic chemical and can be very detrimental to ones health.Above ceiling and wall insulation was also know to have asbestos in it.A lot of plumbing in those days was made from "Quest" Poly Butylene which proved to be catastrophic and ended up costing Shell Oil huge losses in a class action lawsuit in order to cover court ordered replacement on hundreds of thousands of mobile homes.Finally, once you start going down that road it will be like feeding a cancer that just keeps manifesting itself. 

But our model is building a passive income portfolio in coastal areas where average real estate is way too pricey for the average person.On most circa '60's & 70's homes you will usually find them in pretty poor condition and inundated with caustic and carcinogenic chemically laden materials i.e. formica counter tops, particle board sub floors, acoustic tile, floor, wall and roof insulation, etc.

What material is the counter top?

Anyone use Butchers Block Countertops in your Rentals?

The rents are on the higher end but the whole property has been completely remodeled with new systems, roof, granite countertops, brand new appliances etc.

Notice the miles of granite countertops.  

The solid surface acrylic countertops in the bathroom had burns in it as well.

Hope that the tenant don't leave, gets a job, and stays3) Do not raise rent4) Rehab the property (~10k new flooring, counter tops, appliances, paint, etc.) and hopefully get a new tenant at $1,1000Either way, I'd like to get the tenant on a lease.

Painted all the ceilings, all walls, replaced carpet with vinyl plank flooring, and replaced kitchen countertops.

If it's just a rental (depending on the area of course) I usually just replace the countertops with formica and the appliances if need be.