Always wanted to fix and flip, this was the first deal at age 23.

Externally, it looked kind of ugly, but mostly just aged and dated, so we painted the outside to make it look nicer. 

They get nothing until I die and they are certain ages.

I learned a lot of life lessons at an early age and know better to jump into anything with out doing research first.

Yes, it's illegal to discriminate on age (unless it's a retirement community and do it correctly, then you can discriminate against young people.) 

I am 23 years of age and I have absolutely no experience in real estate other than the videos, forums, and research I’ve done in the past month.

I always kind of jokingly say to people that if the small stiff we got here bothers you, youd be scared to even live in a house in some other parts of the country.Not to get off track.. in some markets like north bay area of SF if your home is over a certain age you are required to put in a new sewer service before you can transfer title.. my brother in law is an underground and kills it doing those at 10k a pop.  

Property type: All condos/ no rentalsLocation: Chicago, Age: 10 Years OldNumber of Units: 1000 Units Approximate HOA Yearly $4M Other Incomes ~ $300K (Yearly)Unit value range: $250K - $450KThanks In Advance 

The problem I'm anticipating is that with my young age and short lifetime at my W-2 job, I'll have trouble getting pre-qualified for an FHA loan.

I won’t be able to see the condition of the house so I will budget for floors, paint, appliances, roof and A/C depending on the age of the house.