Start with something that has solid bones on your first deal. 

@Anthony Villasenor there's not enough meat on the bone for a lender, a general rule of thumb: if the ARV is less than 100k, flip it. if more than 100k, hold on to it. 

Not that people don't sell all the time with meat on the bone, but remember the current owner bought it to make money, and brokers have every incentive to paint the rosiest picture possible to make the owner even more money on sale.

The house has great bones I was able to look past all the stuff and pull the trigger on the deal.

Until people with back-bone stand up, support the concept of intelligent management vs "popular" management, turning off ___ politics and just talking to their neighbor, being an actual community again, choosing leadership by results.

Some have bad bones, you can tell right away. 

I have been flipping homes since 2009 and a RE investor since 04, so I would say it is worth it so long as you are working with good deals with enough meat on the bone for profits that make your return worthwhile.

Age doesn't matter as much as good bones and a solid structure.

Units have good bones for the most part. - Market:  Demand is high for affordable housing and my rents are below market, for now. 

It is a strong house with lots of potential, and good bones.