Updated the appliances, updated the windows, updated the electrical, replaced the HVAC, reframed the lower bedroom utility/laundry closet to open into the hallway instead of the bedroom.

(New cabinets, new appliances, redesigned kitchen layout, refinished hardwood floors, some drywall replacement, all new paint, etc.)

If it sounds too good to be true, it probably is2.

If that sounds like a lot of work, it is, but that's what seasoned investors do.The other option is to invest OOS, but that also has risks.

with an 1880s wood building (age of many 2 flat buildings) it’s not if you have rotted wood but where. for me it was a constant battle caulking/replacing windows spraying insulation to keep cold air out and conducting yearly termite inspections. you might still have some of these issues with brick buildings but you have more time (fix it this year as a opposed to right now) @Mark Ainley curious if you have any other anecdotal reasons why brick is better than wood- i know i’ve heard this come up on the podcast numerous times

For you interest rate to jump like that, it doesn’t sound right or ethical.

This sounds wonderful.

And lots of other goodies, which I won't bore you with cause it will sound like self promotion, which isn't my intention here. 

Appreciation, tax benefits could make it a sound, long term investment.

On paper it sounds good buying  $100,000 to $160,000 SFH but better have a lot of cash reserves.