I also found some recent pictures of the inside from it was being listed as available for rent on "apartments.com".The next mitigation step, I did was to have a contractor I trust to had to walk the exterior of the properties, saw that both of the houses have tin roofs, and have little "wood" carpentry issues.

@Roy Cleeves thank you!

"I've seen an old bldg, rehabbed (leaving the wood sash windows since the arch comm wanted historical preservation), come in at $400K for mostly studios.Issue is that unless you can get funding from ONE source (most non-profits need to shake seat cushions for change), then you have multiple grants - Which means multiple demands that start stacking.Stuff like the afore-mention historical, serving certain populations (like 30% AMI types) or handicapped (lots of ADA and beyond stuff), being in an expensive location, full platinum LEED (=$100K audit besides the costs of meeting spec), etc.

Also known as part of the wood basket of the US.

If your foundation is concrete slab go with porcelain tile is not very expensive and if you chose the right style it has a upscale character to it, if your foundation is wooden go with a direct installation like vinyl tiles or sheet or engineer wood,

I like the project. that are lots of things you can do. good job I wish this was in my neck of the woods I would do it. 

One particular seller that I reconnected with from your neck of the woods, recently wanted 94% of UPB for a pool of NPN's. 

The window lasts 50 years and maybe adds some value to the property but I was forced to regret 2 months of income to waste on this thing during a period that maybe I wanted to waste that money somewhere else.Jacksonville houses.Cons- Houses are made from wood, not great deals on concrete houses. this doubles your maintenance and insurance costs.- Termites.- Mostly of houses are 50+ years old.- High crime compared to near Miami, forget about good appreciation.- Highest eviction rate in the state, about 5%.

I have a home in Los Angeles (San Fernando Valley) that is a bit of a fixer (80's wallpaper, trashed carpets, wood rot in patio, no upgrades since 1990's) and I'm trying to figure out if it's worth the hassle (and uncertainty) of selling on the open market.

In some areas, the VA loan requires a "wood destroying insect" inspection that the seller has to pay for.The bottom line is that VA loans actually put the veteran at a disadvantage in a competitive bidding situation.