The age doesn't scare but the poor maintenance over the years does...

If you know your demographic (I know you have the niche but if you know age, education level, gender, whatever) Then facebook ads might serve you better.

The house is located in the low income side of town, so there are obviously issues with its age, amenities and some minor crime.

Here's what I think will need to be done:Replace/repair roof-there are leaks into the homeReplace drywall-probably throughout most of the homeReplace ceiling-probably throughout most of the homeReplace flooring in most of homeBring city water to house-Was on a wellRepair plumbing-I'm guessing age/lack of useUpdate windows-old and probably not sealedMold remediation-Not confirmed yet, but most likely is present.Paint exteriorContengies x 10!

We had 12 rentals by age 30.

To Sportf190, b4 you go out and start sending stuffs, you got to know not just absantee owners, but what kinds of demographic, georgraphic, age wise, financial wise are they in!!!

It's not a bad idea to look at all the homes in your price range regardless of age.

About 80% of them in my state are in crap areas (war zones).The other 20% are the ones everyone is trying to buy in much better areas with the same or better rents and lower taxes.With any great deal everyone is looking for the needle in the haystack.I personally do not like these investments because of the intensive time they take and you get one bad tenant and cash flow is shot for the year.Also many of these homes are much older in age with deferred maintenance meaning huge bills down the road.The huge repairs would outpace any appreciation and rent increases in a bunch of cases.In my area jobs are more transient these days.Houses are harder to qualify for with the mortgage process.People do not want to buy a property when they see values going down and a bunch of HOA fees and maintenance bills.They would rather stay in an apartment complex where everything is done for them and can move in a quick changing market and stay fluid.Not all markets are like this and people are still buying homes here but not in droves.I think banks are expecting a fever pitch of buying this summers from home buyers.If that doesn't happen the banks won't feel as confident with the pent up inventory they will still need to liquidate.

I am 29 so I can recover from the credit hit but at my age, there is really no sense in digging myself a huge hole.The options I am willing to do:1.)

But, at age 55, I am finding I don't go as long as I used to.