They are older, with no amenities, have high deferred maintenance, functional obsolescence, and the tenant base can be very challenging and very management intensive.

I also greatly enjoy taking a forgotten house and making it not only livable again but also more modern and functional.

Use the search function and see what I'm talking about. 

Use the lookup function with my name and LLC operating agreement.  

It's fully functional and safe.

You can also check if they offer any financing options to make the purchase more affordable.Consider buying scratch and dent appliances - These appliances may have minor cosmetic imperfections but are otherwise new and functional.

Aloha,In many jurisdictions, if you provide an appliance in a rental, you are required to maintain function.

It is free to try with FULL function for 30 days, and then just $10 per month (Cheap!) 

So make it functional, paint it museum white, stage it with Kandinsky prints and a copy of Duchamp's Nude Descending a Staircase over the staircase, do the cabinets in marine plywood with horizontal-running bookmatched walnut veneer, you're good to go. 

Aloha,Regardless of the type of property, location, or budget, every element should be functional.