We’re taking the stand cap ex items into account, including the main sewer line.What are your thoughts on purchasing a property this old, and is there anything I should watch out for while I hold it?

I got a couple quotes that includes liability coverage.

This includes things like lawn care, snow removal, and repairs.

Just ensure you comply with your mortgage terms and local regulations.Financial Planning: With limited savings, it's critical to account for all potential costs, including maintenance and vacancies.

Similar to A, but with stipend inputRabbu (good for STR)AirDNA - another good STR outlookRentometer - area rent LTRZillow (area specific)- Housing Data Demand - LTR/General DemandPrice labs - set filters to 30 day stays / include utilities.

These loans often offer competitive terms, including lower down payments and longer repayment terms, which could be beneficial for your situation.Creative Financing Structures: Consider exploring creative financing options such as seller financing, where the seller acts as the lender.

If I'm working with my leases, I do an amendment to the lease addressing any changes including new rent, who pays utilities, additional fees, etc. 

So, I recommend that you manage it carefully to make sure that you run as close to breakeven as possible.The second issue with any corporation (including LLCs filing as S-Corps) is having the corporation own rental real estate. 

Charge the tenants a higher rent rate and include utilities with their rent.

Promising areas to start may include cities or regions that combine population growth, economic stability, and strong real estate trends.Remember to conduct thorough due diligence on any market you're considering, and consider making a few visits to potential areas to gain a firsthand understanding of the local dynamics.