Where west side were normally newer ranchers and easy to get rehabbed without dealing with lath and plaster.. old electrical plumbing. etc etc.

A Reg D fund will cost anywhere from $15K-$30K to have a competent securities attorney write the PPM, Operating agreements, disclosures, do the appropriate filings and provide guidance for promoting your fund while staying compliant with SEC and state securities regulations. 

If it's a house from the 50s/60s never updated, then you might have galvanized plumbing and old cast iron drain pipes.  

The same reason all regulations are in place; to stop or limit a socially undesirable activity.I have taken to grabbing signs when I see them, and tossing them in one of my dumpsters.

I can refer you to my contractor that is just finishing up a complete house rehab (everything - electrical, plumbing, roofing) for me this week.

They also have free plumbing and electrical workshops which I want to go to. 

I initially started with a belief that we could form a REIT but after a few Google searches it seemed like the regulations to acquire this structure did not seem attainable.

I find that making the systems (electric, hvac, plumbing, roof, etc) new avoids getting calls from tenants.

That the courts are hiring outside firms to take care of surplus.  4.That  GA regulations cap fees at 10 percent.

A rented home with very minor updates to electrical and plumbing.