Your main possible issues will be 1) Electrical - probable old wiring, some will have been replaced, but probably multiple splices and a lot of jury-rigged circuits. 2) Plumbing - probably old sewer lines, most interior locations will have been renovated, but check everything.The other things we look for may have been recently replaced or repaired.....because they have to, like roof and HVAC.Structure may be an issue, have it checked, but after 100 years it might be ok, it will certainly not be not up to modern standards, but who cares....Just get a thorough inspection, for something like this I would get an inspector who is also a GC...

Hey guys I have a killer deal on a pocket listing from an older lady who wants to move into a retirement home.

Our loan ended up falling through and the sellers agent sent me a contact for a lady who works at a bank who is good at “rescuing loans” I called that lady and I also called Amerisave where a close friend is a LO.

Hi ladies, interested in sharing a room if its not too last minute!

v=A52EuoBP7_ISome inspiration below, from WWII fallout bunker to modern entertainment room.A little pet resistant carpet, some flooring, a couple of pony walls and pole covers, and bingo--a room fit for relaxing.

(He wanted to buy + was brining in 80k from sale of his primary home )Here we go again, fast forward 2 yrs and when his lease ends in June 2022 LADY FORTUNA is not waving her wand at me again, Interest rates are at 5.5 for 30 yr with feds probably doing another 75 basis point hike in June and July. 

If I did not rehab everything and it is pre-modern code (so built before 1980ish) I will allow 10% because I am going to have more maintenance.

Investment Info:

Single-family residence other investment in Osceola.

Purchase price: $25,000

Sale price: $330,000

Spec home, built in 2021

Full rehab and flip with addition and modern clean finishes What was the outcome?

There are 3x modern comps in the area that are charging on average 2.5x the dated rooms and as high as 5x.