I personally don't mind an older home - several of mine were built in the late 70s, early 80s.

Are there any potential risks or downsides I should keep in mind before proceeding?

One that comes to mind is Mike Curadossi...you can check him out on IG here: @section8doneright.

Very keen on meeting like minded REI people. 

Keep in mind that many responsible agents tend to be conservative with their valuations, especially in today’s market, where properties aren’t moving as quickly as they once did.If we’re in a conservative market, pricing on the lower end may make sense, but it’s always good to weigh your options carefully.

Hello, my name is Marshal, and I’m excited to connect with this community of like-minded individuals passionate about real estate.

Keep in mind that a rat can enter any entry that is the size of a quarter. 

To the point where there was very little partnership or strategy alignment, and their advisors were ignoring our request for our 30 minutes in their email responses. 

Reinvesting proceeds into either real estate syndications or rental real estate directly comes to mind.

My business is built around doing deals for out of state investors and my mind is BLOWN by how many flat out refuse to come visit, meet our staff or walk the property that they bought and we are rehabbing for them.