Hi, I am looking at doing a rehab and addition on an older home. 

Hi, I am looking at doing a rehab and addition on an older home.

I would make sure your insurance quote includes additional fire coverage.

An additional benefit of purchasing an older building is providing an option for converting the building to a Single Family.  

In addition, you can always look to Lease Option a property FROM the owner, and Lease Option the same property to your Tenant Buyer.

Was really only looking for additional information that some of these senior landlords may have gathered throughout their years. 

In addition to the podcast, blogs, and forums, I found the BP books to be super helpful and easy to digest: http://biggerpockets.com/books and there's also a free intro video course that has a lot of the same material as the Book on Rental Property Investing: https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing

He estimates to spend an additional $58k over the next 10 years for maintenance and capital improvements. 

Are you in need of a boost to help give you additional means to pay your car bill, education loans, credit card debt, etc.?

That being said for the size of house your talking about it seems high.As a contractor, when i see stucco that has enough damage that needs sand blasted off i would suspect additional problems.