If there's a dispute on the disposition, having visual evidence of what you're asserting is really important.

I am not telling you to do one thing or another  Also, i believe that FHA will not allow renovations to a home unless it’s already livable with minimal to no repairs visually needed but go check.

They're all very similar in my opinion, and do about 90% similar functions.

But he chose that one over the others because it was very user friendly (for our older managers) and it offered a 'Groups' function where we could add certain individuals to different projects.

During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.

Rate is a function of price.

Another issue I see with older homes is the layout and functionality is tough to manipulate even during a full gut.

We’ll use these as visual aids in our presentations to investors, during dispo of fix and flips, and for our property managers to show prospective out-of-town tenant leads. 

Quote from @Zachary Deal: One thing to keep in mind if you are doing this is that you are likely to create "functional obsolescence" which could mean you are not able to get a new loan against your property and it can be difficult to resell as well. 

That's why it sort of replace the need for a checking account.Every tool has it's function.