That usually means the units were renovated, but what about structural, mechanical, electrical, plumbing?

In reality what happens is you end up paying more for a "clean house" but because you are doing a flip people want new mechanicals (central air, 200 amp electric, pvc plumbing stack) so you end up doing a full gut or larger rehab then simple cosmetics and now your returns have shrunk.In your situation for your first investment I would be ok with a smaller return because of the experience gained, but for the next look for larger profit.

The basement reno was a great learning experience, it was a full gut and redo which included HVAC and plumbing for basically the whole house. 

You can get rid of many of your annoying little 'old-house issues' by buying an existing house that needs repairs and literally doing everything: new plumbing, new electrical, new drywall, new roof, etc....

(I'd just add to his video the idea of having a plumbing company set up so that your tenants can call that company directly if they have a plumbing emergency.)Don't compare yourself to your friends. 

You just need to have a good foundation repair company and a good plumber (or multiples of each) on your team.Just watch out for the big ticket items:  foundation, plumbing, electrical, roof and AC - these can quickly bust your budget if you aren't planning to repair/replace them...Remember that the older you go in terms of build year, the more of the above issues you are likely to run into.

I do all my own plumbing so can not comment on pricing.

Have major water leak and need suggestions for reputable independent contractor in north Dallas, Texas area. Thanks in advance.

Rachel and I are usually in Bremerton on Mondays or Tuesdays if you want to visit a property in person and start learning how to evaluate the structure, plumbing, electrical, etc.

Converted to central HVAC, new windows, paint, fixtures, landscaping, roofing, flooring, major plumbing improvements, and more What was the outcome?