Many years ago I moved with my young family, into a 100 year old Victorian that needed major work, similar to yours, but hey, it was afordable.

You tend to have a choice of either what I call tenement style buildings, or big old Victorian houses that people have converted into multiunits.

Hear are the details:The property is a 3 story victorian style end townhouse(SFH).

Remember you don't have to own a property to control it.A buddy bought an old Victorian with a bunch of bedrooms in a tourist area there, rents it out to them for $200 a night per bed HUGE cashflow.Paul

Flash forward to the first house that my wife and I bought, roughly August 2007, in Newton, KS - a beautiful, wood sided Victorian house built in 1910. 18 months later, my wife and I were laid off on the same day from the same company, with our 6 month old daughter in tow.

It was 4 1/1 units in an older victorian house.

I had a ca. 1900's victorian building that was very drafty.

I just closed on a big Victorian duplex in West Oakland that was built in 1897.

I am doing one locally for a Victorian attic, and it had a lot of complicated lines due to the roof structure that took a bit to get right.

Hey BP,  My wife and I are looking at a REO that is a beautiful Victorian house that somehow has managed to remain a SFR.