Buying a duplex that may have knob and tube electrical.

[Alan K Auman]

So as the title says I am looking at a great property with long term tenants already in place so the property is truly turnkey and the price is right. However I have a suspicion that the property may still be fully knob and tube but won't know for sure until the inspection is done. I'm fairly certain I won't be able to get it insured if I am correct about the knob and tube but I wanted to get opinions from people more "in the know" than myself. Thanks in advance. 

[Barry Cohen]

As a home inspector, if the home has knob and tube wiring, I would say you need to budget for a total replacement of the electrical system. Aside from the fact that you may not be able to get it insured, it is a major safety issue that you dont want to be putting yourself into. You likely know this already,but it needs to be upgraded as it IS a fire hazard. Make our decision wisely.