The buildings are getting older and they don't have the funds to do the repairs.

We have expansive soils here (clay that expands when it gets wet) as well as some older cast iron lines and even some orangeburg so it's common to see sewer line issues (often just some tree roots that need to be cleaned then the line re-scoped).

you know who he is right or maybe your to young :) Didn't go mate,In Toledo for a week in early July.I don't know Robert Plant and am disappointed that I don't know of him lol I grew up with my mum being a clean freak throughout my childhood so she would clean all day and listen to ABBA, Boney M, Bee Gee's, The 4 Seasons, Fleetwood Mac, Rolling Stones, Hot Chocolate, etc...Wish I was born earlier mate70s and 80s music is the by far the best IMO lol lead singer for Led Zeppelin  watch  DC honors U tube with Nancy Wilson singing Stairway to Heaven she nailed it. 

If you are doing a BRRRR and leaving older items in place, not updating electrical and plumbing, I think you need $300 t0 $350 if you are just getting started.

For inspectors, ask about their experience with investment properties, typical issues in the area, and whether they recommend sewer scopes, especially for older homes or properties with non-PVC pipes.

You should hire a seasoned real estate agent that understands the market.

I’d say investors that choose better locations and better properties within those locations will have a much better chance of success as the big risks will be minimized (by better properties I mean with less deferred maintenance, not necessarily newer but newer can sometimes reduce operating expenses, or older with “good bones” that are well maintained, especially if you’re needing to outsource any work and manage it remotely).

Pretty solid points here, I would also like to add refinancing with a non-traditional DSCR based loan can assist with getting access to cash quickly as there are many lenders that have a lower seasoning requirement. 

Quote from @Scott Blevins: Starting out a little older and had a question about sec 8 investingIve been thinks about purchasing some homes in baltimore and renting them section 8 to aquire some good cash flow and later purchasing in better areas and eventually getting out of sec 8.

•Why I’m Here: I want to learn from seasoned investors, share insights as I go, and find ways to collaborate and make deals with others.I’m particularly interested in strategies for investing with limited funds (like distressed property flips or creative financing), so any advice, tools, or success stories would be greatly appreciated!