You get grandfathered into the codes that were in place at the time, you get the old setbacks, you don't pay an architect, engineer, city and permit fees, plan check costs, school fees and other costs that will not come with an existing house.Not saying that you can't build new for less than a remodel, but not usually when you add in all the costs above. 

If you're looking to cashflow, check out Cleveland OH.

Folks if you have condo in upper unit with water heater please check its condition, make sure it's not rusty and/or has potential for leaking.

If you're looking to build before EHB 1337 takes effect, check out this spreadsheet to identify which jurisdictions are friendly.

Then i connect it to my locks so that when guests check in, the door code is set to their phone number and it is set automatically.

Establishing the core 4 is what everyone says, and it is important to have boots on the ground near your properties to check in on things when needed. 

It is a bit of a gamble, but personally, I always get my own bids from people I will hire and either take a credit on price or have title issue the checks directly to those contractors to get work done as soon as I close.  

We each put in 50K and deposited into our LLC's checking account.

The cleaners and handyman have their own door code as well and I make sure their door code is invalid between the hours of 10pm-5am, just as a sanity check sense there's no reason for them to access the property at that time.

You can also check meetup.com or search facebook for real estate investment groups, clubs, or meetings in your area.