Another time they can work is if you have leftover 1031 funds when buying your replacement property and you do not want to pay boot wit the leftover proceeds.If people are worried about the 1031 45 day ID period when your buyer goes hard on their money past DD you can go ahead and look.

Even if it's just replacing outlets, fixtures, or repainting. 

Look like a serious successful (YOUNG) businessman who is going to HUSTLE to get the job done, and don't worry about your age.Will you age lose you some clients--sure, but so what--HUSTLE and replace them with one's that don't care.If someone asks your age, tell them "I'm only 21 but I'm working on being the top guy in town this year", and move on in the conversation to close them.Good Luck!

Sometimes a tenant will want 3 years fixed but not as desirable to the landlord unless the landlord knows they are tearing the building down or eventually replacing a mom and pop tenant with a national one.You might want to take your existing lease and any amendments and have them reviewed by a local to the property  commercial real estate attorney familiar with that asset type (industrial, retail, etc.) and give an opinion.

If you get the property within 4-6x annual possible rent or replacement cost (land, land prep and construction) then it will be good purchase. 

It needed all new hurricane impact windows (replacing Jalousie) and a new roof, current roof 50+ years old, but the place was beautiful inside with quartz kitchen etc.  

Then you have to bring in new soil to replace the soil you took out. 

This means that if supplied with the house(which sometimes they are) and they go bad-it is the tenant's responsibility to replace them.

This may sound silly if you've just started investing and don't own any stocks as it will take a large portfolio to spin off enough dividend income to replace a typical salary, but something to think about anyway and perhaps work towards in the future even if not relevant to your current situation.10.

The property is a duplex and doesn't need much work except the septic/holding tank might have to be replaced.