Minneapolis St. Paul older home concerns

[Nathan Christensen]

Hi Bigger Pockets St. Paul,

I’m looking to invest in the St. Paul market next year. Older properties fit my budget best. However, I’m wondering how cautious I’ll need to be with buying homes 100+ years old, or if I should avoid them entirely.
The issues I’m most concerned about addressing are:

-Knob and tube wiring

-Foundation issues

-Plumbing, cast iron pipes, galvanized piped

-Lead based paint

-Asbestos

-Old single pane/drafty windows

-Old HVAC systems

-Roof

-Historical preservation rules

I intend to leave the work of fixing most these issues to electricians, plumbers, roofers, etc. But is there anything I should entirely avoid as a new investor, or any big issues that I’m leaving out?

Thank you for any advice.