Plus many townships require grounded outlets in bedrooms, I'll install a GFI in a pinch but better long-term to just run a couple new outlets.  

I look for moisture around radiators/baseboards, bathroom fans, GFCI outlets, window guards, fridge door seals not cracked (tenants will never report this, your electric bill will), under-sink P-traps for slow drips.

Long term, you’ll also benefit from appreciation and potential tax advantages.The challenges: maintenance, tenant management, and unexpected vacancies.

If it’s close to expiring, the tenant will need to request an extension from their Housing Authority before you proceed.These small steps can help prevent delays, failed inspections, or unexpected out-of-pocket losses.

This seems to be pretty standard for the area.The bad:  The home inspection found evidence of knob & tube wiring, and there is basically 1 outlet per room with tenants running power strips and extension cords all over the place. 

I work primarily in multifamily and short-term rental investing — and over time, I’ve had many conversations with investors about the unfiltered side of real estate: the deals that didn’t go according to plan.Whether it’s unexpected costs, regulatory curveballs, or guest and tenant issues that test your patience, these stories always seem to reveal the same truth — the best investors aren’t just great at finding opportunities; they’re great at managing chaos.Through my investor interviews and real-world deal analyses, I’ve noticed that every “horror story” tends to leave behind one valuable thing: a framework for better decision-making.

Even smaller rehabs can easily take 90–120 days from purchase to resale when you factor in inspections, permits, contractor schedules, and unexpected issues.

You can also mention that using electricity from those outlets isn’t permitted since it increases building utility costs.Keep it simple and direct!

But then there are others… the ones who slow everything down, tack on unexpected application fees or processing costs, or just have terrible communication that leaves you guessing and stressed out.I’m curious  which lenders have you worked with and had a bad encounter?

You want them to walk through the door and be wowed with something unexpected pulling in off the noisy road.