Take a qualified inspector or contractor out there with you to go over the property with a fine tooth comb.Old homes can provide a great pricing opportunity, especially if you are wanting to rehab it anyway. 

If you are insured for 10M, and you get sued for 20M, they may decide that 10M is well worth fighting tooth-and-nail for, so they bring their legal-guns to bare in your defense.

That means, usually, N95 paper resirator dust masks (you get them cheap in bulk on Amazon) and a standard half-face painter's respirator with removable cartridges.

However, Fannie/Freddie will not loan to an LLC and you cannot transfer title to an LLC after closing without triggering the due on sale clause (there are ways to mask the transfer though but no guarantees search the forums).My suggestion would be to find a local portfolio lender who offers 30 year fixed rate loans.

I would go over the tax assessor info with a fine tooth comb.

I've been looking there too. The

Show up to the house in a white tyvek suit and a mask and fasten the sign while they are there . 

MassSave recommended that I swap it for an electric system, hopefully if the duct work can be used as is for that too. The

I'm a newbie and looking to get started too.  The

I don't do residential but was just helping family because they wanted me too. The