These turn of the century houses are problematic.

I've read a lot of the comments and while this isn't the deal of the century, it could be a good starter home in a desirable location that you'd be able to rent for more than you pay when you decide to upgrade it branch out.Personally I'd look for a duplex if this is your first place in order to take full advantage of the FHA loan, but I realize those aren't common or cheap in CA.

So you still come out ahead even if a "once a century" implosion occurs. 

It wasn't the deal of the century, but I have gained a tremendous amount of equity since I have owned it.  

Century 21 First Coasthttps://jaxhouses.rentals/

Unfortunately it was a very common choice of material for water piping in the early 20th century.  

One of them had only been free for NINE years out of many CENTURIES!!

The centuries find me younger, increasing in strength.

or gross at this price: http://money.cnn.com/2009/01/08/real_estate/thousand_dollar_homes/index.htm Detroit for instance, Century 21 Villa owner Randy Eissa has a three-bedroom, one-bath bungalow of about 1,000 square feet listed at just $500.

I needed a degree in english, specializing in 19th century British literature, and about $60,000 in industry training to understand what insurance policies mean.