Also, with the advent of the likes of ChatGPT, they' might become obsolete and unnecessary.

OK Thanks Chad.. yes now that you clarify that and I also work in the low value asset sand box but only to Investors who have money to turn them around I would never count on those owner occ's to cure at least at any large % to easy to  walk  and the properties as you mentioned many will be functionally obsolete and economically obsolete so they turn into your basic zombie house that local wholesalers go for ..

It's a site that is increasingly becoming more obsolete as each day passes.

They are obsolete as soon as you install them. 

Sometimes this works to your advantage and in other instances it makes these properties obsolete. 

In fact, it often appreciates.To go a little deeper:Depreciation was designed for assets that wear out or become obsolete over time, like machinery or vehicles.

If it's not, then the property may be completely obsolete as an 8 bedroom structure. 

Inner city cheapest homes Never work unless you live there and stack them up by the 10's to 100s and want to deal with that tenant base and homes that are basically functionally and economically obsolete...

That plan is obviously going to take 10-15 years to complete and will be obsolete by the time it's done....but something is better than nothing I guess!

Cash is becoming obsolete.