If you can get a better deal on the home due to age its a fine and if you need financing banks do not judge year built. 

Hey Colin, it’s fantastic to see someone your age diving right into the real estate world.. reminds me of when a buddy of mine bought his first duplex in Omaha.

What ever area you look at make sure to look at the age of the building.

Some carriers require limited water damage coverage depending on the age of the property and age of utilities.I would recommend at least 25% (ideally more) when possible and if you're limited to 10% you should make sure you cannot purchase another policy for a similar price.

I thought SDIRA max contribution is $5,500 or $6,500 if over the age of 55?  

The house had some signs of foundation settlement when he bought it which were chalked up to age, however it’s clear now that there has been more recent movement (some of this may have been due to an earthquake a few years ago) causing about 3 inches of settlement along this very small house.   

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

The person they consider having the deep pockets. 

what kind of investment was/is this  a little more detail may protect others if you think this person is a financial predator.  

Typically with houses of this age - you'll need structural folks to dig and install piers into the soil.