If they have stood the test of time for 100 years, likelihood they will stand the test of the time for the next 100 years.Deduct extra as a margin of safety for CAPEX from the bottom line but also keep in mind that repairs are much lower in Ohio compared to other states.

Concord doesn’t have good school districts as compared to Walnut Creek though.

If you are using a lender, I believe they would insist that it is paid off at closing so that you have a clear title.

They would compliment a hard money lender not replace them. 

Thanks Hi Mireille, Is the lender charging you discount points on top of the origination fee?

By remodeling Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I'm an agent here in KC, I can set you up with local contractors, property managers, and lenders.

@Samantha Elliott as a lender I will tell you DO NOT REFINANCE THAT 2.875 RATE!

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

I checked with one of the lenders recommended in the lender finder but I don't qualify due to the amount of the HELOC not reaching the minimum pull out amount of $50K.