Okay, now, watch out for the lease/option gurus, most are dealing with ancient theory and are not correct under current regulations. 

And so on with the rest of the home.We do these a lot in the Bay Area where local politics make it nearly impossible to build, so our housing stock is mostly ancient. 

Hey,Just checking out this forum after reading a couple Bigger Pocket's books, the ancient "Real Estate Loop Holes" and more recent "Investing in Real Estate with no (or low) Money Down".  

All units need some improvements: flooring (very dirty carpets), kitchen (ancient cabinets, ugly and cheap countertop),… We plan to have people in two units move out and then renovate.

I still have to find some asbestos removal folks to clear out the ancient heating system ( I think it's that "octopus" style heater).Today, I just got DTE to get electricity on, and will have internet set up Monday.  

Also, watching the webinars I understand that 90% of deals are not deals.Most of the properties I have seen are ancient, built around 1900.

Welcome aboard One thing for sure if you haven't done it there is a section on the website that allows you to select professional people from your area those would probably include insurance people but even if they don't consider reaching out to people like realtors or other investors that are in your area and ask them for recommendations assuming you haven't already.I myself live in New England pretty much every single house is ancient or at least every other one.

And I am like forget the comps that ancient history in this market. 

Homes that old are subject to all sorts of issues ranging from knob & tube / fuses to shrunken cedar posts supports to ancient plumbing, so the inspection is not only key, it will also be a way to negotiate pricing down post-inspection. 

The Art of War - Sun TzuThis book is not an easy one to read but the ancient lessons it teaches are essential for everyone's professional career and everyday life.Example: My two favorite lessons from this book are: The Best Way to Win Is Not to Fight At All & Disguise Your Plans.Being a real estate agent in South Florida & Central Florida (one of the most competitive markets in the country) is not easy.