Some sections of the water pipes have been replaced with copper, some with PVC, a lot are still galvanized steel. there is plenty of cloth wiring in the building, but at least some of the outlets have modern wiring pulled. 

Someone that bought a value add project in the last half of 2019 and was in the process of renovating and forcing appreciation is might be struggling to keep rents on an upward trend.

Rates have been declining since they peaked in the mid 1970's, which was an aberration from a multi century long trend of declines.

We build almost everything out of concrete and steel with ceramic bricks that don't burn.

If the trends look good in your market, then I would go for it.

I don't think that will happen anytime soon other than the upward trend we have been seeing.  

Many finishes like the laminate counters and fiberglass shower surrounds can be replaced with granite and tile in the future when the neighborhood warrants it (Tubs are new steel tubs). 

Also if I did go for top dollar flip do you think I would get a higher ARV going with a more modern look on the interior (White with stainless steel appliances brush nickel hardware, White bathroom tile etc.)   

Also if I did go for top dollar flip do you think I would get a higher ARV going with a more modern look on the interior (White with stainless steel appliances brush nickel hardware, White bathroom tile etc.)   

There’s a GC on one of the BP Facebook pages erecting a two story steel duplex in a matter of days.