Sounds like a great deal overall, congrats Ghita! 

If you can get a better deal on the home due to age its a fine and if you need financing banks do not judge year built. 

This is when the tables turn to you restructuring the contracts you have with them or really going out on your own completely.

This is a great place to learn and to connect with people so take advantage of all the great resources.

@Rory DarcyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

To minimize time the property is vacant, have the Realtor coordinate with the existing Tenant for the last 30 days of their occupancy for showings so you have the best possible chance of securing a new Tenant without a break in between.I would love to know some of the details of your property, and do a rental rate check up to confirm you have the right price. 

Hey @Jerry Zigounakis, gratz on the new place!

I would say however that if you are looking to buy rentals then the landlord tenant laws are not landlord friendly. 

Depending on where you buy, you would want to take the average priced house and figure you have to put 20% down to buy it with financing.  

Thing is, I will need to go DSCR loans from here on out or just stop buying new real estate altogether.