The mechanics of the transaction were actually very involved and some of the most intricate and detailed of any transaction I've been a part of, however the results were worth the effort.

After completing renovations, the estimated appraised value has increased to $370,000.

If we can complete projects faster, we increase IRR and build trust.3) Market Risk- The longer it takes to complete a project, the more exposed you are to market fluctuations.This goes for all things Real Estate - BRRRRs, Flips, New Builds, Rehabs, etc.Real Estate is a wild ride I feel your pain, I've had this happen many times where the project is twice as long.

I have yet to find someone that would run it for me to make it worth my time.

The land has slightly increased in value (by like maybe 3-4% over 3 or so years) but the value of the structure I'm pretty sure has gone nowhere. 

Coming in and making an offer after nothing for months on. a dying listing is also worth considering. 

Some outreach to local companies with a transient workforce may be worth your time - you'd have 1 lease rather than 5 (1 per bedroom). 

Was it worth it? 

Its a lot of work so it needs to be worth it. 

I also kept my first home and it is paid off now and worth approximately $150k, with current renters.