Maintenance cost on older homes in St. Louis

[Kamil Pieniadz]

I’m a new investor in the St. Louis area but haven’t bought my first property yet. I’m looking mainly in the South City area for a multi-family, cash flow property. My biggest concern is that almost all the properties I’m able to find are about 100 years old. I’m just curious as to what the average maintenance costs for properties this age are in the area or if buying them for “buy and hold” purposes is even realistic. Thanks everyone.