There is more work involved in Section 8 though. 

I am a Baltimore County, MD Landlord that specializes in Section 8 rentals, and facing a problem with filling a vacancy since November 2018 and now is Jan 6 2019.

Do you risk rodent/insect infiltration in exchange for on time rent payment or do you non renew at the end of lease to find better tenants.

Quick answer to your "Trapped Equity" question: Call Joe Massey, Castle and Cooke Mortgage.

Add in Section 8 and I am out.

The category contains Vanity/mirror/Vanity top, Faucet/connections/trap, Bathtub, Diverter, Cement Board, Shower Tile, Accent Tile, Flooring, Tile Setting and Waterproofing, Fan/light, Vanity Light, Toilet/connections and Misc.My example house I carried $1,135.00… WAIT, just over $1,000 for a bathroom remodel.

A lot of people are trapped in substandard housing notwithstanding their good credit and income because a background check will report a felony.

Since the only things I have seen so far that weren't holding up are those they have been done in the last decade, I would have to lean way towards the 93 yr old parts being much safer than the 13 yr old crap.Of course, I had to mention the whole part about it being a fire trap, which seems to be what helped burn Chicago down back in the day, But with modern tech, that shouldn't be as worrisome as back then.Anyone with anything you think I should know, need to , or what to know about balloon framed houses.  

Additionally, it traps you and makes it harder to get rid of a bad tenant.

Be careful of the education trap though!