Just finished home inspections- a lot to fix, what do to next?

[Peter K.]

I currently have a SFR under contract, just finished the home/termite inspection today. There is a lot that needs fixed or replaced and I already negotiated price lot lower then asking price prior to the inspection. What are my options at this point? I feel like if I fix/replace most of these it'll cost me way too much, which I won't be able to afford after all the down payment and closing costs, this is an investment property keep in mind that I want a tenant to move in to so I need to have it move-in ready so I need to do a lot of replacing and fixing around the house. Can I negotiate to the seller to lower the price even more or should I back out of this completely? I don't know which course of action I should take. Please advise.