Or should the U.S. emulate ancient Athens, which adopted democracy, not out of ideals, but toward a stronger army-navy, due to the lowest in Athens would have something to gain.

If you've never read that book, it's a very good if somewhat dated piece about basics of personal finance and investing set in the historical backdrop of ancient Babylon. 

I don't want to spend a day and a half writing out my exit strategy, but yes, I want out of ancient Yinzerburgh crapshacks and their typical denizens. 

And with the exception of the ancient but functional furnace in the main house, I don't see much reason to put off repairs- so I wouldn't lose much to go ahead and do a full rehab all at once, and have a better property from the word go.