Syracuse Multi family Investment property

[Nachiappan Chockalingam]

Hey guys, I am a new first time real estate investor. I am looking at multi-family homes at Syracuse, NY. I live out of state and based on numbers available online I feel a cash on cash return of upto 15% is possible. But most properties are really old built around 1910 - 1930s. Though they have been renovated at different times, I am skeptical about buying older properties. Any thoughts on this? What should I look out for? Or should I stay away from older properties for my first investment property. I appreciate any suggestions/advice on this topic. Thanks