We ended up with foundation issues, disintegrated cast iron, aluminum wiring that needed to be replaced with copper wiring, blowing insulation into the attic, sheetrock repair.

As I understand closing vents is a major engineering work that requires both an hvac technician and a contractor, but the tenant just took control and sealed some of the vents using an aluminum foil.

However, we had to make about $10k in repairs 60% of which were electric due to the aluminum wiring issues.

ive been doing a good amount of estimates in SJ and south eastern pa, im wondering if you have any favorite towns in south jersey or south eastern pa.  

Personally, I wouldn't ask for repairs to aluminum wiring. 

The problem with Knob and Tube wiring I've run into in many homes is there was no electric ground wire and this can be a serious problem.The second problem is I will bet there is nowhere near enough wall receptacles in the living room or bedroom for the number of devices people use today.The third problem is there is most-likely not enough circuits in the kitchen since people have more things today than when the wiring was installed e.g. microwaves, garbage disposers and more light fixtures in the ceilings.I live in a building built in 1904 with Knob and Tube and not one wall receptacle is grounded and everyone gets shocked when we touch anything metal e.g. the metal case on our desktop computers.One last problem is; it is sometimes much easier to purchase a property that is not up to par, but when you go to sell it the buyer's inspector may find a lot of faults with the wiring and sometimes mortgage lenders want up-to-date wiring and many don't even like aluminum wiring.I would figure no less than $12,000 to $15,000 to re-wire a house and maybe a few thousand dollars more if you need to upgrade the electrical panel to 100 or more amps.

As you can see on the heat map, some areas — the Eastside, eastern San Fernando Valley, South L.A. and southeastern part of our county — have been devastated by the coronavirus.

Each unit has 2 bed, 1.5 bath a finished attic room and a full, half-finished basement.Structure: 2-story, wood frame, aluminum siding, composite roof, 2 fireplacesWhat made you interested in investing in this type of deal?

A lot of older homes in the Longview area still have aluminum windows and I havent seen buyers comment on them.

I'm a first time real estate investor looking mainly in southeastern states to invest in single family homes and I definitely like the idea of owning a property in an LLC but this seems to present a lot of hurdles to getting a loan.