Double the maintenance and capex on a 40's built home as compared to a 2010 build home and then let me know if it cashflows that much better. 

Columbus is going to be a market with more expansive growth compared to Cleveland, which is currently pretty steady with higher cash flow but less appreciation. 

The one percent and 2 percent rule ive never looked at ... cap rate is .. meh .. its there - what im most concerned with is the price of the home relative to comparables and cash on cash to start.   9)  I look  the other way if it is a multi unit that is not separately metered - thats always one of my criteria here in pgh as there are a lot of older homes and a good portion you wind up worrying about who will cover utilities.  

They should be given 2 to 3 years to do something like that given its harder to retrofit those in and its also much more costly to put in compared to new construction.Again, they've been going for 30 or 40 years with nothing and now expect everyone to just jump. 

Considering the more lenient US laws compared to the UK in contracting.Again, thank you so much for your reply, perhaps we can connect and see out opportunities in the future!

This will create some more movement, has been holding up quite a bit of growth.

As I've compared the two, I feel that the Fannie Mae Homestyle product is an easier process.

I would factor more vacancy as you might get more turnover compared to other suburbs. 

They typically have multiple origination points (meaning very high closing costs) very high rates (compared to conventional but also compared to 6 month or longer waiting period DSCR products) and almost always have VERY long pre-payment periods up to 5 years.

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