I'd at the very least want to replace all the drain traps... after 50 years, the cast-iron likes to develop leaks.You didn't say anything about bathrooms or kitchen rebuilds, but in a house that old you're probably going to find rotted subfloor under the bathrooms... maybe even rotted joists.

If 3 bed 1 baths haven't sold it doesn't matter what price you get it at you will need to add a second bath to compete.If someone can land another property for 15k more with a nice second bath buyers will pay it everyday as they see the value of not fighting with siblings,spouses,and friends for bathroom space in the morning.Hope it helps.

We've used batts in that way to deaden sound from bathrooms and laundry rooms adjacent to living areas with good effect... even R13 would make a difference.Lowes sells sound insulating sheetrock that would help as well.Sound can also travel through the walls, so having insulated wall cavities would make a difference.On the very expensive end of things, consider using foam insulation (icynene, sp)... it'd cost a fortune, but that'd be as good as you're gonna get for sound dampening effect (It'd also make the space such that you could heat it with a birthday candle and cool it with an ice cube, but that's another story entirely.)A thought for further research would be to look this topic up on websites geared for musicians.

.- I'm a lot more lenient on replacing bathroom vanities, but if there is any damage to them whatsoever, I'll replace them to match the kitchen cabinets.

I think you would be a lot better of buying a house versus condo.. if you can buy a 3 bedroom / 2 bathroom for 150k with an FHA loan you should have very little down and you can rent out two rooms that which will cover most of your payments.

However, the work that I see that needed to be done is two bathrooms needed a complete remodel.

The more you do, the better you will get at knwoing what homes will need and how much the costs are.Pay attention to kitchens and bathrooms as they can often be the largest cost factors along with AC, roofs, foundations, etc.

As a 2/1.1, it should rent for $900.For another $6k, I can put a 3rd bedroom in the basement and turn the 0.1 bathroom into a full.

The house has two bathrooms so the landlord thought he would fix the problem first week of June.

From the looks of it: 2 x bathrooms, 2 x kitchens, floors and walls. 1 bathroom has new shower/bath - a plus1 kitchen has new counters/cabinets - a plusBesides kitchen and bathrooms, the usual suspects, everything else looks cosmetic.