Getting ready to pull the trigger....questions....

[David Alter]

I've been looking at multifamily homes for the past few weeks with my realtor. I have found one that peaks my interest. The location is good, rent is solid and price is decent. My next step would be to make an offer and get the inspection done, but there are some issues I'm concerned with and would like some opinions. 

-It's an older home (early 1900s). It has a 60amp fuse box! Other than "A Christmas Story", I haven't seen a fuse box since I was a kid. The home is a licensed rental and has been operating like this for some time. Is this something I should be concerned with?

-The home has asbestos siding. It's in decent shape and is not cracking or falling off. Should I be worried about the future costs of residing the home? I believe I can just apply vinyl siding over top of the asbestos without the ordeal of removing it.

Thanks in advance to the BP community!