Usually the property needs repair and comps can be modified from square footage pricing do to location.

It is located in Milford NH on a desirable area with comps running 325k - 350k.

My name is George Allen, located in Forest City, NC.  

I am new to Bigger Pockets and rehabbing, I am located in Orange County NY about an hour North of NYC.

This has been their arrangement for almost twenty years (the tenant has lived in three of the landlord's properties, all located in California) and from inception there was never a written agreement for this arrangement.Now the landlord wants to have them sign a lease and write them checks for the work that is being performed, which apparently is to be cashed and returned right back to the landlord as the rent payment.

All are centrally located. 

This is the third time he wasn’t able to locate files I had already sent.

Also depends on where your property is located.

I would not rebuild unless it was a superhot area location-wise.

Going to newer homes in better locations and letting someone else deal with an aging asset is a much better plan, especially as you reset your tax depreciation and learn to do cost segregation!