We feel that we have been patient and understanding with them, while they have made multiple, major demands of us.Things came to a head when the wife demanded that we rewire the entire house, after they had overloaded the circuit breaker with multiple space heaters!

I'll stick to facts and take it from there.In most cases, the action of this applicant would be a deal breaker.

In any event, retail price will probably end up being $220k, hvac $7k, roof $8k, new elec panel, branch circuits to kitchen, kitchen remodel, bath remodel, ceiling removal, int/ext paint, windows, etc another $40k.

These can be deal breakers depending on local situation. 

Simle because folks can sell those as retail.On a different note being on the turn key circuit, you start to learn all markets2010 Indy was the rage , coming back around again.Memphis came in hot 2010 and still going ( swear that whole city is rentals )Atlanta  2011  was on fire , fizzled out but still deals here or their...Charlotte 2010-2013 we never jumped to high, but hard to find good deals Dallas , Houston came on strong  but later then most turnkey markets , resellers have been set up there selling.

What we have here is a case where someone wants to design an electrical circuit to accomplish a result without knowing how electricity flows and what resistance may be imposed by natural laws.

Also, I wonder why modern day homes do not have a separate mini panel for emergency lights that come on when flipping off the circuit breaker?

A co-worker of mine is in a sticky situation.He is currently under contract to purchase a home which has an easement on the property that takes up about half the yard and is a deal breaker for them.  

It has it's own circuit breaker, though. 

Section 6.3.3.8 specifies that fire alarms are to be tested annually, after every change of tenancy, after change of batteries or after any change to the electrical circuit for hard wired smoke detectors.