Knob and tube property. Do you avoid or buy?

[Daniel Villagra]

Appreciate everyone in the BP community. I’ve been learning from y’all beyond belief!! Thought I’d ask you guys before making a commitment:

1) do you avoid properties all-together that have knob and tube wiring?

2) if not, do you low-ball an offer accordingly in hopes to use that money to update wiring or ask the seller during inspections to update?

3) please throw any golden nuggets out there I may not be thinking or aware of.

Thanks everyone!