Expect to have to re-wire and plumb everything to current code which sometimes can be more expensive than the rehab itself in order to get a new certificate of occupancy. 

I am working on my first flip. and I need a licensed electrician to come to my house and inspect electrical and see if there needs to be anything else done to bring it up to code and validate the electrical permit i bought. and get a green tag from the city. so that I can move forward with my drywall and flooring. i have learned so much more by taking action than i learned from shadowing the investors that bought my wholesale deals in the past. does anyone know an electrician or can u advise a way to go about getting one.

Code may have been different in your area than mine, but I find homes built at that time to be better built than new homes.Check the wiring - I usually only see aluminium wires in homes built in the 70's, but could be there in the 60's.

We didn't want to limit ourselves to a specific zip code, but a lot of the houses we're eyeing are in those areas.

Thank you all for your answers I am marketing more on Facebook and I have seen some leads come in, I was to keep marketing that way and eventually target a zip code and mail out postcards or some type of value that brings is the numbers

I also see evidence that the newly appointed owner has been working on the property to try to fix it up to comply with the city code but it has been taking over 2 years and still hasn't fully finished. 

Hi, we would also install used furnaces, but our City code changed and now all properties have to be inspected. 

Anyone have an accurate tool where one can tell, preferably down to bedrooms by zip code what the appreciation is?

What has work for me in the past is just picking a few target zip codes pulling how many cash sales are in that area using listsource.com then deciding if It would be a good area for me to farm numbers and start calling around to gauge motivation!

Oh yea, deduct your expenses such as loan serving fees, BPO/CMA, special servicers fees, O&E reports, attorney fees, code enforcement liens, forced placed insurance, unpaid taxes, repairs, then you get ROI.Consider these steps to being a note investor1.