@Jesse T.  

As much of a broken record as I may sound, I can't stress enough how important it is to take this to accountants & financial planners where you can divulge your entire financial situation & they can layout multiple tax-efficient solutions.

Maybe he has a business model that yields less stress with more conservative investments. 

On his current cross country tour, "The Burning Down The House Tour", no that's not the right name, that's somebody else's tour; its the "All Weather Tour"; says that real estate should NOT be part of your investment portfolio.He says that your portfolio should look like this:Stocks 30%Medium Term Treasuries 15%Long Term Treasuries 40%Gold 7.5%Commodities 7.5%  You'll notice NO real estate.I was reading elsewhere that money market funds, bank CDs, and 30 day T-Bills have all failed to keep pace with inflation over the last 25 years.And over the last 25 years inflation has averaged 2.2%, gold has averaged 5%, oil has averaged 6.5%, Bonds have averaged 7%, Stocks have averaged 9.6% and real estate has averaged 9.8%.How many Bigger Pocket member's portfolio looks exactly like Tony Robbins?

If the electric is showing age and stress and the profit is there and i discounted the house when i purchased it. knowing that i need to update the electric.

@Jesse T. 

your signature on this form holds you to no legally binding agreement, all it says is that a licensee gave you a copy of the brochure. hopefully this takes a little stress of someone's shoulders who is considering buying or selling real estate in Idaho.

Unless you have less than 20 units, manage yourself and keep the 10-25% you'll be paying.Set up a call servicetenant calls that # with their issuesTenant sends you rent or deposit it to an account at BOA.Maintenance problems; have several handymen lined up, call them when in need of a tenant problem.I believe that if you want to be an investor, you need to live it and experience the problems, over-coming them, the stress and the financial success.Real estate investing is a profitable, fun and wonderful business; where else  can you start a business with out cash, with out an office and with out the need for or the cost of inventory?

Even when such homes were rewired it was/is not uncommon for folks to tie the old K-n-T into the new wiring.  

I just don`t want to spend much my reno budged on plumbing and I do not want issue in the future either.