I bet that cost him a lot but the tree was gone.The city here is also pushing for us to pay for new sewers (old small diameter clay ones are failing constantly) & what us to replace ancient Pb connections to all mains.

After the inspection I found out that all the AC units and furnaces will need to be replaced pretty soon due to their ancient age.

I would imagine you would need to match inside finishes while maintaining the ancient outside looks?

Okay, now, watch out for the lease/option gurus, most are dealing with ancient theory and are not correct under current regulations. 

And so on with the rest of the home.We do these a lot in the Bay Area where local politics make it nearly impossible to build, so our housing stock is mostly ancient. 

Hey,Just checking out this forum after reading a couple Bigger Pocket's books, the ancient "Real Estate Loop Holes" and more recent "Investing in Real Estate with no (or low) Money Down".  

All units need some improvements: flooring (very dirty carpets), kitchen (ancient cabinets, ugly and cheap countertop),… We plan to have people in two units move out and then renovate.

I still have to find some asbestos removal folks to clear out the ancient heating system ( I think it's that "octopus" style heater).Today, I just got DTE to get electricity on, and will have internet set up Monday.  

Also, watching the webinars I understand that 90% of deals are not deals.Most of the properties I have seen are ancient, built around 1900.

Welcome aboard One thing for sure if you haven't done it there is a section on the website that allows you to select professional people from your area those would probably include insurance people but even if they don't consider reaching out to people like realtors or other investors that are in your area and ask them for recommendations assuming you haven't already.I myself live in New England pretty much every single house is ancient or at least every other one.