You could use vinyl tubing to allow the condensate to drain into the p-trap, similar to a dishwasher connection (obviously this would require some drywall work unless the HVAC closet shares a wall with kitchen/bath). 

Trim: 0.5kFull Interior Paint: 4.2kNew Carpet: 4.2kDeep Clean: 1.2kFull Replace of Knob+Tube electric: 10k(+)20% ContingencyNear Future RepairsNew windowsFull roof replace likely in near futurePieces of interiors need updating due to wear- shower stalls, some cabinets, etc.Risks: 1.

I still have a W-2 job and that would free up more personal income.I was finally able to convince my wife and explaining that “our” side will be our dream home with an en suite and soaker tube, walk in closet, huge pantry, granite counter tops, yadda yadda (sorry . . . old Seinfield episode).Thanks

When your sitting on the couch watching you tube or playing COD use that time in a way that it is helping you get closer to the goal.

There's knob & tube wiring throughout, complete with 2-wire outlets everywhere.  

Electrical has been updated from the original nob and tube so I don’t think I would need to touch that.

Plus when i was 18 i got my real estate license and dove right into sales. there was no internet . the fact that a site like this exist to help folks is SO HUGE when your young and starting out.. and all those U tube videos etc.Your generation will be so far ahead of where we were at your age.. 

BRRRR investment, needed knob and tube replacement, cosmetic upgrades done myself.

I follow Bigger Pockets and one or two other real estate investors on You Tube.  

It should give you some starting Insurance info to consider:Here are some things to look for from an Insurance prospective:1.Any in-ground tanks (active or inactive)2.Any Knob & Tube or Aluminum Wiring3.If built before 1978, does the building have Lead Safe certifications4.Any wood stoves or secondary heating units.