The drawbacks are that repairs/modifications are expensive due to the house’s age and that I have to clear everything through a historical society as a result.

Prob is I had to pay for repairs.  

This is a commercial property, ready for move in. any inside repairs will be done by the tenants. 

The comps were bought by investors or as-is deals as well that needed repairs.

However, the home inspector found mold in the attic and it doesn't appear to be "active" mold as it looks like it was resolved a few years prior when they repaired the roof.

Fannie/Freddie commonly do some fix up to their reo’s.....from preservation type repairs, new roof, to complete rehabs.

The house is move in ready after some repairs a family member, who currently resides near Stow has been able to contract out.  

Since I did not have scale, I did all of the property management myself (advertising vacant units, showing property to prospective tenants, minor maintenance, finding and overseeing contractors for major repairs). 

Your payment will simply be too high and your rent will not cover your mortgage payment (PI, AKA debt service) and all of your expenses (vacancy, PM, taxes, insurance, maintenance and repairs, and an allotment for CapEx). 

What shape is the house in and how much do you estimate it will cost to repair?