The older stuff is usually more reliable.

This is a typical "seasoning period" required by most lenders.Repairs and CapEx will probably be closer to 15% of GSR all in.You're not accounting for insurance.What about water/sewer or shared utilities?

What do you ladies and gentleman think?

Obviously the older the building, the more risk it has and the sooner I'll have to worry about CapEx expenses.

And if the home is older get some build code/law ordinance coverage with your policy which is very cheap to add.

They are fixated on the square foot matching because it allowed them to go back a year to use comps.This happened with multiple properties across multiple appraisers.I'd say things like; "All things being equal a larger house is going to sell for more than a smaller house" and would get told "Smaller houses in your neighborhood must be in more demand; that's why the price is higher".I'd say things like; "Here is a house that is the same square footage in the same subdivision going to the same schools and it sold for much less" and would get told "But it's in the older part of the subdivision" when the year built was only 2 years older than mine!

Need advice on super stuck water shutoff valves in a much older house. 

This is an older bath tub but to crack it it’s not that easy. 

I wanted to know from those seasoned in direct mail campaigns, what the best approach is for reaching the off market deals.

Interesting -- so even at these high price levels demand seems to be increasing for rentals and apartments (even older units).