FL is now basically going socialist by offering state-sponsored tax-funded insurance to replace the private insurance carriers who don't want to loose money any more.Home prices are also interesting: when the first row of houses gets washed out by a storm surge, you have for sale signs pop up in the second.

I always thought that the assumption of mortgage meant that they essentially replace me as the initial party paying off the mortgage and now they pay the monthly payments and have the title.

And most will be able to pay the taxes when they come due, and put on a new roof, and put on a new coat of paint.As well as replace the carpets, cut the grass on a regular basis, replace the windows, reseal the chimneys when the liners crack, etc..It's unlikely that that these homes will fall into the slum category in 10 years or so, and make the asset underlying the loan virtually worthless.Or just vanish when the place starts to fall apart too much, due to no down-payment (no skin in the game 100% loans).Said the lawmakers who approved this.

His estimate was $1400 to fix a leaky sink, unclog a drain, and replace a faucet!

My project engineer job with huge general contractors (schools, hospitals, etc.).3.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

I'm thinking that I just leave it as is and wait to replace it. 

I come from working with engineers, so I am used to it but I can absolutely see how others are turned off 100%. 

I would like to get a "Line Of Credit" and pay off my investor because I need get the AC replaced and Electrical Breaker box updated.

Find someone to draft the build plans (draftsman, structural engineer, or architect).