Advice on first deal

[Jef A.]

I have an opportinity to purchase an all brick 4 bed room 3 bath 1300sq ft home in a decent neighborhood for rentals. It does need minor rehab (flooring/kitchen/bath). The concern with this property is it was built in 1956 and has heating but not an airconditioner. Would a lack of air condition be a deal breaker for you? If i can buy it cheap  enough would it make sense to tackle the project of adding an air conditioner to it? Anything else i should be considering with a property this old?