I'm not sophisticated as Dan, but if you simply do the straight math, it may be close to 10 years before you break even on $190k. 

Old skool K&T systems are simply not designed for the electrical loads that houses have today.

I don' think anyone is suggesting that simply managing these 9 properties is enough.

When I tried following up with Delta, they did not have an answer for me and simply said that they would just stop all progress on my construction until I made the payment for the first draw.

but i hear ya. you do get what you pay for though and its not a race.. real estate is a long game and to me far more important to buy quality assets then taking 2 steps forward and 1 backward.. you may want to try both and see how they play out.. remote rehab simply is the most risky thing you can do in RE full stop.

I'm not here to debate, complain, or anything else.I simply shared my experience to help the poster, that is all.

But I do know our city needs a lot more of the first type.you clearly don't know me, which if I'm being quite honest with you has absolutely nothing to do with me. this is a property that is located in the village of Liverpool NY with a tenant paying beyond market rent, " If he doesn't want it or can't afford it, reward him with 60 days time to find another place, then find a new tenant that can pay what it is worth. " which I did, and he agreed to pay..................as I've stated to you before anything other is simply poor business practice. thank you for your input 

They simply do Fannie, Freddie, FHA, VA, and USDA loans.

Simply put the risk of a non-renewal costs more.

What I don’t understand, and help me on this, is why someone would simply want to purchase the Mortgage/DOT without the note.