There's lots of approaches that will work and the drain tile is a prescriptive that I was told came up in the mid 20th century - however one of the rental properties we own actually has a wooden foundation, with extensive weather wrapping around it, and then about 2 feet of pebbles/river rock out from the foundation in each direction.I've found finding and tying into existing drain tile to be extremely problematic - (how deep is it, where is it?)

Part of the reason is that, in the 1970s, in a fit of urban "renewal," it tore down its entire waterfront, which consisted of those 19th century warehouses and mills that now everyone is converting to condos with Hudson River views.Anyway, I thought I had a brilliant idea - that, because every other city on the Hudson had revived, that Newburgh "had" to be next.  

This is absolutely fair but the town is full of homes that are over a century old so this risk is not uncommon. 

Rookie mistake..and probably thought he got the screaming deal fo the century when in fact he got suckered in to buying this.

Hi all,        My name is William Rose and I'm a MD Realtor with Century 21 The Real Estate Centre.

It takes the same amount of work (or less) to flip the $2M house on a golf course as it does to turn a century old bungalow.  

They do a great job building mid century modern homes and new construction and could be a great connection for you. 

Knob and tube is turn of the century stuff.

Purchase price - $255,000Expected rehab - $80,000Expected ARV - $425,000Actual rehab/carrying costs - $155,000Actual sell price - $525,000Profit - $76,400Time to complete – 7 months to get on market, 9 months to closeDOM – 27 days See link to “after” images here: Our First Flip The HouseThis was a mid century 3/2 2300 sq ft home on a large ½ acre lot near White Rock Lake in Dallas.

As an example, advertising is a cost of last century and does not apply today.