There is some hideous vinyl in the kitchen & dining and the water heater is ancient, but the HVAC is brand new.

These ancient furnaces aren't as energy efficient as today's models, and you don't want one to give out right away.b) Make sure that the furnace filters are changed on a regular basis.  

He was emotionally "traveling in Egypt" on de-nial.

It hasn't sold purely because the owners live 5 hours away and are trying to sell in FSBO and the pictures online are still from when his 90 year old parents lived there with ancient furniture and decor. it makes a 2010 house look like its from the 60's.Again, I really appreciate your time to give me your two cents.Rental Income (1400 monthly)Less: Operating expense ($1786 taxes/insurance, 6%vacancy, water, trash, repairs, capex)Less: Mortgage payments (0% interest $850 monthly)CashFlow$16800- 5064-10200+1536

@Roy N.Sometimes insulating ancient brick buildings is very impractical.

@Lee Huffman, i know this post is ancient, but I was wondering if you have found a decent GC here in Fayetteville.

I have just baught a property in my Country (Egypt), It is actually a Villa and my first intention was to have it for personal use.

I'm wondering if anyone is cashflowing from properties they recently purchased that aren't ancient, torn up, or in awful areas.  

Found a guy who does a lot of hotels, but the guy looks ancient.

I am looking into a possible deal for some vacant land in Carrollwood/Egypt Lake area.