But if you were to replace it, I would make sure to use that time to insulate the house and take care of old pluming and possibly electical wires since it is probably a system lacking a ground wire being 1950's built, When I visited my sister in Florida, I noticed most of the houses built in her area (New Smirna Beach) are cinder block construction.

Ive been around all the blocks.

My reservation with this home is that it is located in literally the last 4 block area to be renovated in the area.

When I got back to the office I did a quick Zillow search and found out that it last sold in 2005 for $106,000, then I looked for comps within a six block radius and found two that have sold in 2013 for between $100-110K.

This all happened because the old 1940's short plat started from one side of the "block"...and the guy who owned the far corner parcel (the other side of the block) subdivided his "20 acre parcel" and in order to account for the full 20 acres, they had to start measurements from the other side of the block.

In the process of making a spreadsheet of the properties in close proximity (2 blocks) of my rental, I discovered that one of the properties is a REO that's been transferred from bank to investor to bank since 2007, finally landing last year in the lap of a bank who purchased it as part of a wholesale package.

The deal isn't off but we are at road block at the moment.

For instance there are two 3/2's approx 1300 SF sold in past 6 months for $325K within a few blocks, and subject property is 3/1 and also 1300 SF.

I know of several neighborhoods that can have drastically different rental rates from one block to the next (it's kind of weird, but true).Property managers (the more experienced ones) are the guys on the front lines.

I thought he'd gotten tired of me and somehow figured out a way to block me.