@Jonathan Woodruff speaking only for myself, one thing that drives me nuts is people who are typically drawn to the charm and unique qualities of an old home, and then whine about its lack of modernity--- modernity which, by the way, will likely fall out of favor again in a decade or less.

Final sales price on a closed transaction is.Recent: Ideally less than 3 months old, go to six if you must, go to 12 months if you absolutely must (but in this case you need to SERIOUSLY question market demand for this type of home if no one in the last year has bought a similar home... guess how many outdoor swimming pool comps I'd find in Fairbanks, Alaska?)

Two 20 year old newly weds/full time students, a Mom, a Sister, and 3 cats in a 3 bedroom condo. 

How old are the HVAC and roof?

Small world!

It's a shame; if more people understood the basics of building wealth the world would be in a better place.Anyway, soap box over.

I know this is is never part of the guru seminars about how landlording can assure your financial freedom, but this is how our world works when you're dealing with people like this.

When your Dear Old Great Granma goes off to her Final Reward, she will typically leave behind a house chock full of mementos, from the basement to the rafters.

Has anyone had any experience with rentals in Old New Castle DE?

So you can easily find a loan program that will not make you wait the six months, it won't be under Fannie's subsidized terms/conditions/rates/etc.The last paragraph contains a lot of old information.