Is it a big risk buying a property thats 129 yrs old?

I have done Many renovations with 30-40 yrs of smoke smell and it is difficult to get to all the spots that smoke can access.

We have been doing this for 35 years so what we're doing something a little bit unique selling the property fully rehabbed with new mechanicals, fully upgraded kitchen w/ granite tops and fully upgraded bathrooms w/ ceramic tiles and putting a quality tenant and the selling the house as an investment we manage the property for three years and we warranty the house for a year houses and guarantee 8% minimum for 3 yrs for around 95k u getting 1k in rent and taxes and insurance around $2500 so around 10% per year.

Like most of the capital region, expect most duplexes and multi fams to be 60-100 yrs old, so look very closely at foundations, roofs, electrical, plumbing, and codes, many need to be brought up to current code before renting if previously vacant. 

I lived in Mandarin about 14 yrs ago and bought an investment in St Augustine 12yrs ago.  

...my partner and I are new to REI ...or the "flipping" business (8 months) ...however ...not new to the rehabbing aspect ...having over 28+ yrs in the home building/rehabbing business (interior and exterior)...we are finding great properties ...to work on ...with great numbers ...and plenty of 1st position lenders to do so...OUR ISSUE is ...our reserves went into start up costs of the business ...now we are short ...and finding 2nd position lender ...or an actual PML to work with us in TN ...is not impossible ...but seems that way ...we have exhausted several avenues ...just looking for short term 6months-12months (preferred) ...and we can make monthly interest payments ...any suggestions for QUICK FUNDING would be greatly appreciated ...thanks for your time and consideration ...blessings                                                  ...Kelly                                                                

from '80s to today is only 37 yrs - - that range and code standards difference should not matter imo.Classic bungalows from the '20 & '30s age would matter, unless already rehab/upgraded.

Hello Investors,I was a mtg broker for 18 yrs.

I purchased my first home 20+ yrs ago very young.  

I received word today that my bank was willing to do an 80% LTV cash out for 25 yrs, w/ 30 year amortization at 4.75%.So this deal closed on 10/1 and demo started on 10/5.