This property has a 14.5% COC and it's almost next door to Vintage Park an upcomming area in Northwest Houston with good appreciation potential.

In a 1930s vintage home around here, I would also be checking for asbestos in plaster (though it may be old enough to predate that practice) and any floor and/or ceiling tiles.We would also assume no insulation behind the lath-and-plaster unless it was added later (around here that often means UFFI in the 70s, which is another host of problems).

One house we had someone come in and do a faux paint job, looked pretty impressive, kept being asked where we got the wallpaper.

Some countries the investors pay 10 to 12% interest to have loans there and they are amazed the interest rates and pricing they can get here on commercial assets.I would say buying houses over here can be a challenge because yes you can spread assets out but that can be a bad thing as well.10 sets of roofs, a/c's, different vintage build of houses, varying PM companies to control as they likely to do not manage different areas etc.

He runs his own retail jewelry/gold business, 6 children, even more commercial & residential units, and doesn’t have any time!

Rehabbing a property is relatively the same cost with materials varying slightly and labor depending on the state the property is in and vintage and design of the building etc.Utility makes or breaks the investment for me.

We're planning on yellow letters (handwritten for now; likely transitioning to printing our own printed faux-handwritten letters in the future), and are trying to figure out what segment to market to and where to get our list.  

There's a difference between a "vintage" house like an old Victorian, and just an old outdated house. 

Horrible siding and roofs and windows The best of the crappy ones are made of 1 x 3s, so you are starting with virtually nothing, other than I-beams, a hitch and a DMV trailer designation sticker.I worked on a resort campground project where we experimented with vintage airstreams.  

I have a product based online business in jewelry & eyewear that i built up in the last 7 years which provide me with a stable income.