The property seems to be in decent condition now, with supposedly good long term section 8 tenants.

It's a split level that I bought in original condition, including a 1984 ancient-looking air conditioner and all the things that come with a house of this nature.The plan was to do a full cosmetic + replace HVAC and Roof + prune back 60ft tall pine trees AND turn it into a house hack bnb.What I've learned so far....- Trust but VERIFY everything on the buy side.

Their insights highlight the necessity for a careful approach to vapor barriers and insulation, emphasizing compatibility with the building's original design and moisture management needs.Here's the plan:Ceilings/Attic Floors: Elevate insulation to R-38 or above, incorporating vapor retarder paint or smart vapor retarders for optimal moisture management.Walls: Boost insulation to R-13 or more, utilizing smart vapor retarders or materials with adjustable permeability.Basements, Crawl Spaces: Increase insulation to R-19, targeting ground moisture and internal humidity control.Materials: Opt for eco-friendly, breathable insulation and vapor barrier materials that preserve the building's historic charm.This meticulous approach elevates the property's energy efficiency and moisture management, enhancing its value and ensuring a profitable return without compromising its architectural integrity.I'd like to hear your thoughts, experiences, or any advice you might have on integrating vapor barriers and insulation in renovating historic properties.

my understanding that there is rent control as well and can not increase rents more than 7% a year for the same tenant.Just trying to see if there is a possibility to enter this market at this timeTIA

However, this increase in supply is also leading to some price reductions.

@Rickey Walker, due to market conditions, interest rates, and scarce inventory, sourcing and acquiring long-term cash flow rentals is difficult, to say the least, unless you put down 35%-40%.As I inform most folks, you'll need to implement a creative strategy if your investment criteria predominantly focus on achieving cash flow.

I wanted my first home as well has asset that will increase my net worth How did you find this deal and how did you negotiate it?

We were living in poor conditions just for the sake of a very good school.

I think if it was a 3x2 I could get much more but unfortunately I only have one bath.One differentiator is that my house is in a better school district than the other houses I’m comparing to so that could increase the value slightly.

Manage it well, increase lease, sell the property within that time frame and keep moving upwards and repeat?