This means that the electrical is likely made from copper and is grounded.Running new ground wires and fishing wires behind walls can be very expensive, so having electrical that is similar to today's code is a plusProperties in this era also had ductwork - meaning forced air heating and cooling.

I would start by getting a look at what you're working with - paying for an inspector to visit isn't a bad idea, but depending on how much hoarding was done, it may be wise to remove some of the junk items first so they can give you a more accurate report. 

Not only do you have to pay lawyers but you also have to pay an economist to write a report, pay the licensor and the list goes on.

They owe me $1300, and I feel like they are trying to get by and just leave without paying me the rent that they owe.

From my experience, it seems that's why it's hard to find dependable cleaning & property management for STRs because it's a higher volume of turnover of guests, and property owners can only pay so much for management/cleaning.

I’d use the other half as a long term play in ground-up developments.

Now you need to figure out how to find deals and pay for them.

Now you need to figure out how to find deals and pay for them.

Hey Jerell, I would start with something either turnkey or light value-add, so you can start forming your boots on the ground team with less pressure and risk.

I'm currently under contract with another property and this company has already had me pay for appraisal and is trying to get me to order insurance, but I still haven't received an initial disclosure or anything like it confirming the interest rate and everything.