I am working on three properties right now that are in the 1940-60’s era and they pose their own challenges: electrical heat, cinder block foundations, etc.

really depends on the asset class and price.. each is differenta broker bringing us bank OREO in the low value asset areas just gives us an addresswhen I am doing 500 to 2 mil spec homes that broker does much much more.

What I did see that may turn people off is the galley kitchen that has low ceilings compared to the other areas.

That is, buying properties at a low price, renovating it, finding a tenant to rent it, refinancing and repeating the process over again.

If you have an FHA mortgage, it's probably with a low DP and pretty good rate.

He also let me borrow the book "THE BOOK ON Investing in Real Estate with No and low money DOWN" which I am currently reading.  

Because I have been doing exclusively BRRRR properties I have little to no routine maintenance and cap-ex for the first few years  is very low because of the up front rehab. 

Absent some special circumstances (not likely considering there is a $0 or low mortgage balance), there is literally no incentive to sell pre-auction... the auction company has a guaranteed sale and the owner knows that participation will be great because the property WILL sell on auction day.As a bidder, hope for bad weather.

I use the Smartcore flooing that you can get at Lowe's.

Numbers are as follows: Price: 469,000 (offered 440,000)Taxes: 5500Units: 2 Unit 1: 1450Unit 2: 1850Revenue: 39,600Operating Expenses: 29,270Take Home: 10,320Cap Rate: 2.35% (seems low)ROI: 9% (seems good)