If you buy it right, you will have plenty of margin of safety to insulate you from and even opportunitsticly take advantage of short term market fluctuations.

Once the home had a contract the termite inspection found wood rot beneath an exterior door hidden above some insulation in the crawl space (additional expense to the investor).

Fully insulated 2 car garage.

This insulates you from a down market.    

If you were actually at my event, you'd know that 1) I buy at wholesale prices, 2) I buy for cash flow, not for speculative appreciation, 3) we 'create' appreciation by making value-add improvements to properties, and never speculate, 4) I stabilize properties & refi out my investors in 12-18 months, allowing more predictability in interest rates & loan terms than speculating 5-7 years out like most syndicators do, 5) if the market shifts, I'm at a low enough cost basis that I have many options on what to do with the property (hold, refi, sell, etc), 6) once investors are cashed out in 12-18 months, I'm the only one with ongoing responsibility & liability (even though it's a non-recourse loan there is still some liability I take on), 7) I project for increased interest rates (which actually just dropped .25% last week, btw), lower LTVs, and lower valuations than what the market is showing right now, keeping us at very safe levels, and 8) I only buy workforce A & B class apartments (not luxury, not C/D class) which is the most insulated asset class in real estate.I have NEVER publicly pitched a deal, or even pitched a deal in my events. 

I have an employee that bought a 40X15 (600 sq ft) prefab metal building for 11,000 then spent 7,000 turning it into a home, for the 7k he was able to super insulate it , create a single bedroom, a full bathroom with laundry, and a small kitchen.

Before buying, inspect the foundation, sewer, exterior walls, roof, plumbing, wiring, electrical panel, insulation, etc.Of course, many homes built 100 years ago will have issues with these items.

Make sure to address the condensation problem by insulating the walls or installing a dehumidifier.Good luck with it!

It's a massive amount of insulation.

All of our pipes are in insulated and heated space with the exception of the 2 outside silcocks which are covered with insulated pod things.