Interested in old house
In all these posts I don't remember seeing anything about a home inspection. The home inspector works for you, and you pay for, and own, the completed report. Hopefully, a qualified home inspector would/should list the name and details of certain items, usually including the electrical system, plumbing pipe types, furnace, woodstore, appliances, and insulation in the walls and ceiling. This document can double up as a "work order" for you for future home improvements, assuming everything is currently working and satisfactory now. Satisfactory in that it works, not necessarily satisfactory in 2011 level of standards.
As I read through these posts I get the feeling that everyone is saying about the same thing when it comes to buying an old(er) home: it is an investment which turns into a work in progress with no definite time table or budget. Bluntly, if this isn't something you are comfortable with, I suggest, gently, you rethink your living arrangements.
I wish you the very best, and I urge caution in whatever you do.
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