If you have lived in a 1960s suburb of California your entire life, don't buy a Victorian in Boston.Don't buy a high-risk property.

Maybe reduce rent $ if necessary to get it rented.There are great tenants willing to overlook 'less than desirable' aspects like water in the basement if the price is right (10-20% cheaper than an equivalent property market rent value), Particularly if it is in a desirable area.If its just annoying wet ground, I would probably just leave it as is and bandaid as much as I could...If its deep (standing water); I sold an OLD stone foundation victorian WAYYY up North (Where (TRIVIA QUESTION!) 

I am not going after turn of the century Victorian only small rentals. 

I might mention that if you have properties and rent to students please remember alot of them (not all) have victorian, ton weight, antique furniture that has been handed down and all try to move each piece with a relative who may or may not be familiar with how to lift much less carry furniture up and down stairs.

Bloomingdale is a desirable neighborhood where single family Victorian row house residences are becoming scare such as the one we have.

Wait till the cops are called out to the property to try to coax your tenant off the ledge of your old Victorian roof because he’s threatening to kill himself and the other tenants come out in the driveway to watch !

Victorian last year that was built on a mountain side.  

It is a 2000 sq ft+ Victorian style with a basement. 

He told me he will take the deal if I don't, but told me he would like to see me get it.As we approached the building, a sharp looking victorian caught my eye.

I know for a fact that, in my hometown of Sacramento, CA, the most desirable rental is in a multi-family converted Victorian or similar in downtown/'Midtown'.Like I said, it's not that I think the suggestions you made later on in your initial post are wrong, but I think you have some misplaced frustrations - BiggerPockets is a forum that exists to assist and educate real estate investors, not to help people sort out their personal finances.