1920 Rehab: Remove Forced-Air heat for Electric baseboard heat

[Norbin Cruz]

Hope everyone is having an awesome Friday! I'm posting this questions for ideas - constructive criticism is welcome! 

Looking at a deal at the moment for buy-hold, the house has heat oil and it may take about 8-10k to covert the home to Natural gas. What are your thoughts on removing the furnace all together and switching to baseboard heaters instead? Home has a 100 amp panel and looks like it was updated at some point however I found trace of old cloth wiring used in one of the bedrooms.  Thinking that I'm to have electrical work to do anyways I could perhaps convert the entire thing to electric? Thoughts? Pros\Cons?