The electrician that inspected explained to me that there was some cloth wiring present, but it was all grounded, making it safe.

It helps keep the tenants and property safe as well as allows the PM/Owner to be as proactive as possible to catch any issues.

The inspectors generally just want the unit to be safe, and meet health codes - stuff most landlords are doing anyways.I would recommend leveraging a good property management company who is clear on how to work with the housing agencies.   

So, those of us who ask the correct question can safely ignore the "velocity" part of trying to pay off our low interest rate mortgage, in favor of putting any extra money we have into buying extra assets that (also) return a higher interest rate / appreciation (just like our primary has already been doing).HELOCs help us do that, so why are you in hurry to have zero balance owing? 

Flag poles, playgrounds, cabanas, paved streets, street lamps, RV parking, large entrance signs, swimming pools, etc- all good stuff. 

I'd rather be safe than sorry.

If you like the location long term appreciation-wise, and think you may be able to raise rents and create cash flow in the near future, and aren't concerned with cash on cash return/ the opportunity cost of having money tied up in these properties as opposed to putting it to work elsewhere... maybe your main goal is just a safe place to park your money... then you might consider keeping them or even putting more money into them so that they cash flow (refinance with more down).

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

Third step is a licensed deleader will take that report and make the unit 'lead safe', we don't make them lead free in MA.

If you haven't put the best possible,  experienced people around you, I might suggest getting involved with your local real estate investment groups...many of these people will have experience and contacts that could help walk you through the steps required to make this project safe and profitable or to show you why it might be something to walk away from.