Would you consider a property built in the 1800’s?

[Jason Muenster]

I’m looking at acquiring my first property thanks to Bigger Pockets, and am analyzing a residential 6 unit that was originally built in the late 1800’s. The property looks to be in pretty good shape considering its age, but I don’t have much construction/real estate experience and don’t know what I don’t know. Should I consider a property like this for my first purchase, or look for something newer? Thoughts and perspective from some experienced investors would be greatly appreciated!

[Jill F.]

Budget 20k to replace the plumbing if it has the original cast iron stacks and galvanized supply lines. (I'm redoing a 1900 7 unit right now).