Purchase price: $142,000 Cash invested: $62,000 Our first "Buy and Hold", Bream Av was a clean, but severely outdated STR.

The other 2 are more out dated.

So, lead paint, outdated electrical, etc are all common.

I like the easy way out I would say ok sure your move out date is XYZAnd let them stay even if there was no security deposit And learn a lesson for the next one   Get the lease and talk to the tenant BEFORE closing   Or better yet have the seller get rid of the renter if it were a tenant I had placed in the property I would say no you can’t use the security deposit 

Livable but ugly and outdated. 

Why not buy an existing building and just take it from outdated to modern.

We are doing research specifically in tenants and investor legislature, but most of the articles we read are out dated.

If the move-out date takes an extra week or two, the new owner should be able to weather it. 

It was old and outdated so I spent all my extra time renovating it before we got married and she moved in. 

The costs reflected in this linked report are intended to estimate costs high and they are mostly based on the existing floorplan; HOWEVER, I am strongly considering floorplan changes that address the outdated layout.