The house is 100 years and original electrical..and found some foundation issues...all windows except one are sealed shut...for your safety she told me today...I was like really now...the house it made of that lighternot..not sure of spelling there.. but has joked that if it were to ever catch on fire to run...I by no means want to cause trouble , just feels so unfair ,knowing I've got craniotomy (brain surgery in a few weeks) so why make me move if house was took down off market at all...idk..just very aggravating ordeal...I know all that is not her problem but never dreamed she would do this...she's been one pushing me to go thru with it and now it's at point where I have to..can't put it off...but thank you for the advice.

Also, they run on electricity which is the easiest utility cost to pass along to the tenant.

We are doing some of the work ourselves and hiring contractors for the electrical (my aunt is an electrician doing the work not the side) and through networking we found HVAC and plumbers.

If there is an electrical fire or if the furnace blows up, is that what is said at the funeral, I really liked that dumb poor old slob, I really helped him out with a place to stay dry, even though he died living there?

Electric, plumbing, heating, insulating and siding can all be done in 1 day for each trade.This is where I'm at and still have a long way to go.

No active leaks noted yet but they may be a concern. there is an old inground pool that is a liablity but I would plan to rent a jackhammer, push the smashed concrete in, and fill the rest with dirt and throw some seed over the top.Broker did not have access to environmentals or appraisals because the bank bought the property back before foreclosure. broker seems to imply that the concerns are deffered maintenance and estimating capital requirements for roof and windows. broker also implies that seller will not accept less than $800k.cash flow is currently negative due to being poorly managed IMO. the budget includes items like $1,800 for telephone when a phone cost 25-30 per month. the bigger kicker is there is an option to either rent with no utilities included (at rental rates quoted above) or to pay an extra $100 for water and electric included (units have central HVAC included in electric).about 40 units have opted into this program giving a budgeted utility rebill income of around $4,000, the problem is that budgeted electric is over $4,000 and water is just over $4,000, and not only that but in September the electric bill was more than $8,000.

But you can work around anything if you have enough money.There could be other problems to overcome with older houses related to plumbing and electric.

Seller warrants that at the close of escrow all heating, cooling, electrical, appliances, and mechanical apparatus are to be in working order, and the roof (s) to be in good repair and free of any leaks.4.

But that is what it looks like in the photo and can't see the ceiling.Old houses used tar paper as a vapor barrier and can be changed out, maybe during an electrical update.

I would like to know where investors are finding high cash flow Properties SFH/MFH that are newer than 2000 or if they are older have been completely rehabbed from roofing, electrical to piping?