There's carpet throughout that should be ripped up and the hardwood floors under redone, the bathrooms are outdated as well as the kitchens those need to be Completely done.

With 1.5 acres, you’ve also got long-term optionality — think garages, storage units, or even additional units depending on zoning.Hidden Costs in a 1940s BuildThe key things to investigate are plumbing (galvanized and cast iron often need replacement), electrical (knob-and-tube or outdated panels), and whether the “new roofs” were full tear-offs or just overlays.

If the unit is showable then ads for the unit should be put up prior to the move out date so as to minimize the vacancy period.Who shows the units, do they allow unsupervised showings from a lock box?

It’s a practical way to refine your process and avoid dead ends like outdated data.

I tend to purchase properties in excellent school districts that are ugly, outdated and renovate to rent which is cheaper on the purchase side and provides instant equity. 

How do you check for liens and outdated tax assesment?

With better data you are getting in contact with owners that others are missing by using outdated or static databases (meaning they store their data with no real-time updates) which they update every few weeks or months.I'd say a healthy connection rate for a good quality list is 20%+ where as industry average accuracy on matched data is 40% or so with better providers able to reach 75%-85% with 90%+ in some instances and lists.

In many cases, the property hasn’t been reassessed in years and the current owner may be paying taxes based on an outdated value.For example, they might be paying $2,000 a year based on an assessment from 2000.

Sometimes older listings reflect rents that are slightly outdated.

Belongings: Is it OK to have the remaining tenants box/label and store the missing roommate’s things in the garage (on-site, not thrown away) while I try to get a written move-out date?