That is a great location. The living room windows are gorgeous. Do you want to be landlords and share the house? t edit Ignore that last question, since other people type faster than I do.

Lack of central air would be a deal breaker for me, but I am a delicate flower.

The exterior looks well-maintained. It is pretty pristine-looking. The guy bought it as a young single guy, but he's now an old retired rich guy with a lot of affection for the place he used to live in with his wife when they were young. He's had an offer from an investor, but would rather work with people who'd live there, which is why we have to decide today.

Flea, it is gorgeous, but I wonder if you can even get the place insured with knob and tube as new home owners.

That's gorgeous, flea. And income property is pretty much always a good idea, I think?

If you want landlording opinions, see if you can reach out to Jon B? I'm pretty sure he has a two-family and rents out half.

Sue, that is an excellent point. Thank you. The owner seemed very vague about the electrical; the fuse boxes are clearly old. I am not sure it is knob and tube but it would be important to know.

A house 3 doors down from us was apparently half knob and tube and half modern wiring when the owner bought it. They had it re-wired, but I don't know if it was for insurance purposes or if it was because they thought the half-and-half-ness made it a death trap (which would still be an insurance issue, I suppose).

All of my expertise comes from HGTV, but having the rental income would make me feel better about the prospect of needing and/or wanting to do a lot of work on the place.

On the other hand, they're running at least 6 ac window units in the (large) building, and it hasn't burned down yet.

they're running at least 6 ac window units

Oh my god, that electric bill.