If they are 40-50 years old then potentially it would be more expensive to maintain/repair them.

Connect with @Remington Lyman in Columbus  BTW STOP reading books, there not reality 

Section 8 can be very profitable, but it's not smart as a first investment or a one-off because there is a lot more red tape.

I'd personally be a bit more conservative with the underwriting and make sure to see what the carrying costs could potential get to especially if this is a bigger renovation and not just cosmetic. 

When I asked about this I was more or less told that because they run the purchase/sale through the agent's brokerage firm it makes the process more efficient and there are all these moving parts etc.

But the more difficult it is, the more money you can make. 

Couldn't disagree more with what Wayne said here.

A lot to me would depend on who had pets, the previous tenant ?

Happy to chat more if you have questions.

@Matthew M.If you are buying and appraisal was more they will say share the appraisal - also sf can be calculated differentlyIf you are buying I would not complain as you are getting the value you wanted (or more).