It would take 11 years of losses to equal the $20,000 in equity so that doesn't sound to bad.

You sound like a wonderful daughter!

Sounds like you are committed to the project (complete plans) so get a bid from the guy at 150 but have him get sub bids and show them to you.

(That sounds like lot, but it amounts $83 a month.) 

In my area those are either super run down duplexes or in super sketchy areas.My next plan was to try to find a decent single family home with multiple bedrooms and rent out the other rooms, but I wanted to try to avoid the whole roommate situation.My next plan was to try to buy a condo or townhouse because they are cheaper, but then I am paying the entire mortgage myself for about the same price as just renting an apartment.Do any of these ideas sound worth it and possible with only being able to spend a maximum of 7k out of pocket?

Couple that with the fact new natural gas boilers and furnaces can be 95% efficient - where your old boiler is likely no more than 60-65% efficient (maybe less) which means cheaper to operate.If your existing hydronic system is sound (no holes or end-of-life pipes), then it may well be cheaper to simply replace the boiler with a modern, hot-water {not steam} boiler.  

How does my logic sound?

Hello Sabrina,Sounds like your management company doesn't take your relationship seriously. 

sounds like 2006

To be honest it doesn't sound like there is enough equity in this house to do to much with it.