Will there also be a total rewiring job required since the build year is 1945 and there may be upgrade codes to deal with?

Those houses were usually built to last but it really depends on how well they maintained and whether or not they were upgraded over the years.

Next step is too upgrade the property by rehabbing the units at the end of the lease and raise the rents.When analyzing those properties I can imagine that the 50% rule wont be met.

I am sure that it will cause some people to think about upgrading their current home, but the $6500 barely covers closing costs, so I doubt it is enough to motivate a significant number of people.

time for some upgrades..while it's being reassembled

Donors get no upgraded services like members of our PRO accounts, Nick.

Generally, by the time the buyer has had their inspection, they are very emotionally vested in the property, so I'm not really worried about losing them due to refusing to make upgrades.

I work with homeowners on residential remodel tile projects and also work with Realtor's, Brokers and Management companies they upgrade old homes with new tile installations.I know most of you are all in the selling/flipping part of homes so if you have a tile flooring problem or questions don't hesitate to point me to your post or ask me a question.

The houses listed at the $125k range have nothing upgrade and look like they were built in 78.

Now that the property has served it's purpose they are eager to sell and knowing I was actively looking for my first deal I was the first call.I've gotten comps in the area and I'm getting the property about 20% lower than what the neighborhood average is.My plan: At this time I have practically no bills and I was going to invest my 10k into upgrading the units to get more cashflow and pay off the property more quickly while supplementing that income with my own.