A layer of anonymity between my family and the tenants.This is not about hiding my identity, I realize that anyone can look at the public property records.

The ability to successfully analyze these situations is vital to success.  

  - Wet rot down to bottom most layer of floor boards- Cracked tiles- Rotted beam next to tub- Re-sheetrock and put shelving back together- Bath vanity set aside but not damaged- Tub is metal shell type, not solid- I can live without a bathroom for a few days to 2 weeks.

One will typically come with an additional layer of markup.Good luck!

If it’s truly “old” , hard to know what’s built up on the surface layer of the pine.

@Obi NwapaAsMentioned most counties online GIS have a flood map layer as does the FEMA maps.

They used to have a machine that was like and plainer with a spinning drum blade on the bottom that you pushed along and it would literally shave off the first layer of the floor.

You add a layer of risk when buying out of state.

I had a new roof on a duplex done (granted there were 3 layers and dryrot-1910 bldg) and it cost around 12k.

Chances are there are already multiple layers so there's no cheap lay another layer of shingles alternative when it's time to replace.None of these are show stoppers, I personally LOVE older houses... but just things you need to plan in a little more for.