Cap-ex was needed for:* Original 1960s kitchen, appliances out of order* Original 1960s Pepto Bismol colored tiles in the bathroom* Tobacco and marijuana stains/odor in every room* Stained carpet covering damaged hardwood* Broken side door from forced entry by police* Zero recessed lighting with 3 layers of blinds on every window* Lots of trash in the basement both on the floor and mounted to the joists overheadCheck out the Zillow listing at: https://www.zillow.com/homes/119-Jasper-Pl-Alexandria,-VA-22...What made you interested in investing in this type of deal?

(Inspectors are generalists, so specialists are essential for plumbing and electrical issues in older homes.)Structural Concerns: If potential structural damage is spotted, hire an engineer to assess it properly.Be Diligent and Proactive: Old homes often require extra due diligence.

Even if they can rent your place for $250/nt all-in, can they afford the extra $2 grand+ to get there and back?

Don’t be afraid to reach out and offer value, even if it means going the extra mile in the beginning.

Try it in about 5-10% of the spots charging an extra $25-$50/mo (Assuming tenant pays for electricity at that plug.)and see if you get any bites.

Removing a wall could add value to the home in theory, but for some rental areas, having extra rooms helps.

If they take an extra four days to vacate, that's $800 in holdover charges.

I also have worked extra hard now to verify any lender I sent client information to.    

Combining this with tours or small events can add extra income.Lease Mineral or Water Rights: Depending on the area, leasing mineral or water rights can be a potential income stream if there are valuable natural resources under the land.

You'll be extra fine if you only buy in good locations where tenants want to live.