Furnishings take a beating from wet swim suits and need to be replaced more frequently.

-> Local casino area might be a decent area to invest.Everyday individuals most likely will be expecting amenities or heck of discount for non swim pool housing.Here the current mls/wirex food for thoughts since today the holiday.

How does this change based on the age of the property (I know most multifamilies in the market are over 80 years old so would love to understand how frequently problems typically arise)?

Frequent inspections and immediate repairs or cleaning and then immediately charged to tenants will help prevent a complete mess at lease end that exceeds deposit amount to repair. 

Wilson is a frequent speaker on real estate investing where his candor and competency makes him an audience favorite.

I consider it frequently actually - why?

You get to reset the unit to market rate frequently rather than dealing with a very long-term tenant.Cons:1.

Use social media to engage in areas frequented by MDs and administrators

Seems like we are still in the 1.3-1.7ish % range for properties ranging in the C+ to b/b+ neighborhoods. 1.1% and 1.2% deals are pretty frequent, but typically not what buyers are looking for out here.

We do them frequently (not in your exact scenario).