We repipe all cast iron in DFW as well, so not scared of the 50-60k rehabs, although we do stick with 1950 and newer.  

Old houses have cast iron pipers that will disintegrate (because of age and/or foundation shift).

This isn't the response you are looking for, but don't buy into a hot market.That being said, its tough to give advice without estimating purchase price, remodel cast, ARV, and how much it could rent for.

Old houses have cast iron pipers that will disintegrate (because of age and/or foundation shift).

It's a promising sign as some of these areas that rank high on this list have often been cast off as not worth a look when investing.

I am currently a VP at a manufacturing company that casts parts out of aluminum for some of the biggest automotive, trucking, aerospace, and defense companies in the world.

I had listened to the pod cast for while and decided it was time to join the site.

Where I live the sewer laterals are made out of clay or cast iron.

There are many carriers that are taking on massive losses due to water damage claims (old cast iron pipes beyond life expectancy).

Avoid cast-iron plumbing or budget for a replacement.