If you take the time to clean up the house, make an effort to keep maintenance up to speed, and provide that clean and (mechanically) safe place to stay, you'll find that your tenants will take pride in their home.I also spent time working as an Emergency Medical Technician at a local hospital her in Colorado in 2000 and 2001. 

An agent who does that already will have the mechanisms in place for finding off market properties, so you don't have to spend the time and money to do it.

The average mechanic can do many repairs on GM, Ford, Dodge, Toyota, Etc. 

This comes up periodically and I can only assume there is a lender involved who requires the condo to be disbanded officially before they will fund.The Declaration identified as a special exception in the owners policy would specifically address that process, the % of unit owners required to approve that, etc.Backing out due to this would be an odd action for a cash buyer to take given that there are no dues to pay and currently no rules enforcement mechanism  in place.

IRA Advantage (*I have no affiliation) is based out of Portland and a great resource (website and youtube) on the limitations and mechanics behind using the IRA.

First I consider location, then structure (style of building - this is important in understanding the mechanicals, electrical, plumbing etc. - weird layouts and victorian homes converted into multi family can be a headache to deal with and can substantially increase your cap ex.), then I look at cash flow.

Even if your first deal is fully renovated, you'll have to do some kind of project management i.e. small repairs; painting; replacing hardware, mechanical systems, appliances etc.4.

I know this can be property by property but assuming all major mechanicals are in order and a B-C neighborhood....With interest rates being at the highest levels I can remember, if a property cash flows and brings a single digit CoC return, does that make it a buy? 

The con with older houses is the mechanical systems and energy efficiency.

You need a good handle on the big dollar costs such as electrical mechanical and structural.