HiCurrently live in a 1958 home with an oil furnace from 1997 and original terra cotta tile lined flue, which I am told would be a good idea to have relined with a stainless steel liner because the tiles are no longer aligned.

Another idea, call the fire station near your property. 

My plan is to hold the place long-term and use it to help gain a stable income during retirement. 

The idea of house hacking with a multifamily unit interests me but only if it makes sense in the market I live in. 

Open to ideas! 

You rather have an LLC agreement in which the seller holds the guarantor of the LLC (of which is the buyer) of the transaction.  

I will be posting other webcam photos in the coming days to give everyone an idea of how things are doing.

When first starting out using a Buy and Hold strategy and with limited capital, do you think it's better to purchase a bunch of lower priced properties in lower quality / depressed areas or spend a little bit more but have less quantity or rentals (but presumably higher quality tenants) for properties in an area that is well known for being a "good" area?

Is this a financially feasible idea as a new build?

I advise people to hold property forever unless they can move the money into another investment that produces a greater return or moves them closer to their goals.