Do you have subpanel in closet with fuses and aluminum wiring?

[Warren A.]

Our 3rd party Inspector recommended in May to update fuses to modern breakers and address aluminum wiring,

The electrician who reviewed the punch list, did not seem concerned,

Regretfully, I have already closed on this home back in mid May 2021 without coming to a full alignment with the seller.  

My google searches and a post to a different sub forum strongly suggest change to breaker and aluminum wiring for the property in question (built 1940).   Looking at our portfolio of rentals I just noticed today we have another property (built 1954) with fuses in sub panel also in a closet (our other LR rentals are modern breaker).   A different electrician for this noted,

So my question to Little Rock BP community .  It would seem most of the internet and broader BP community strongly suggest to change fuses to breakers and update aluminum wiring but in Little Rock, fuses are still legal  and Aluminum wiring is legal?   In your homes or rentals, do you have subpanel in closet with fuses and aluminum wiring similar to as shown above?    And if yes... Given the risks, how have you handled this ?   Thank you in advance!