Problem is this house has a large in-ground pool. 

If they are not - and assuming their "property manager" is doing their ground work for them ( for a paid fee) - eventually, this situation will fall apart.

Wait, let me look outside.Holy S***, there is snow on the ground!

Thank you Mindy, I've taken some of various real estate investing seminars, work shops boots on the grounds, buying summits. 

For example, I see you're a wholesaler; if you want to wholesale in KC (or flip, for that matter), you definitely need boots on the ground here to make it work.There are some really good threads in here on KC neighborhoods.

We are still in the thinking phase, so I look forward to learn everything about new build.2.

hello, aleko. i am a home inspector from the western new york area. the old cloth, 2 wire wiring is kind of dangerous, in my opinion. as stated earlier, the cloth gets brittle and can crumble with the slightest of touch. with rehabbing the place, you are going to disturb it, for sure. then, you have exposed wiring. fire hazzard. not to mention, a lot of this old wiring is made of aluminum, not copper, therefore, the heat it will carry without fail is far lesser that the copper type wiring. if you have an overload somehow, and the breaker doesn't trip, you are going to have a fire. the gfi's have to be grounded, thats the whole idea of a gfi. the g stands for GROUND. with the two wire system you have, where is the ground????

Since you're in the learning phase & your long term goal is to own several properties then start reading up on Series LLCs (unique to Illinois & other states) along w/ Land Trusts.  

Dallas is of particular interest to me, because I actually have some relatives who can be eyes and ears on the ground in terms of knowing what certain places are like.  

If you ever need 'boots on the ground" let me know.