Should I even consider 100+ year old properties?

[Eric Bellefontaine]

Hello BiggerPockets Community,

So I am a complete newbie to real estate investing. I decided to start my search for my first deal (2-4 Unit Multifamily rentals) closer to where I live because I wanted to self manage. Currently a good portion of the inventory in my area consist of 100+ year old properties. So I wanted to hear from you all about your own experiences with older properties. What are some things I should be looking out for to avoid costly repairs or fees? Is it a better strategy to find deals that are farther away but where the properties are newer? What good experiences have you had with 100+ year old properties? Bad experiences? Are there tenants that would even find a 100+ year old rental appealing?

Anything you can share about your own experiences, or any tips you all can provide would be greatly appreciated. Thanks!