If we are, you'll need yet another pile of cash to remediate that sooner or later.Based on your numbers and this report, the owner is desperate to get rid of an obsolete property.

I was called back and told that I was right, that is exactly what the language meant, but that it was an obsolete term sheet template.

Keep in mind some properties are economically obsolete … along with functionally obsolete.. be careful.. in this day and age with the internet and this irrational exuberance to be landlords there are not many markets that are totally under the radar that are viable.. 

Another observation was "It was observed in several locations throughout the interior that 2 prong non grounded and obsolete outlets are present.

100% a fact, bases do get shut down and if you chose a base with an obsolete mission then you must have not done your research.

Thanks for your time.Also do you think becoming a residential real estate agent is a bad career to get into in the next couple of years due to the technological advances, making agents more obsolete?

I will say that in my market a 2/1 is considered functionally obsolete and can be difficult to sell.

its highly market specific also.. some areas of the country are much eaiser to that in.IE low value  more homes than peeps.. older functionally obsolete money pits that kind of thing.keep in mind in the cities where wholesaling works.. there are tons of vacant homes even today.I think for instance indy has 4k vacant homes.Detroit who knows how manyChicago thousands.Philly 10k plusBaltimore same thing.those areas is where buying low seller for more is quite common.. and other smaller little towns throughout the mid west and northeast.. 

One question that I have as I find myself listening to a great 5 year old podcast for education purposes is "have things changed significantly over the last 5 years" to make this research obsolete?  

I doubt real estate agents will be obsolete , but there will be some obsolete real estate agents 20 years from now