If you only have a 5% margin closing costs could eat that up depending on the price point.

A deal has to be a deal from the beginning... let the big guys take on the bad eggs and wait it out. 

So we installed a window unit in the bedroom so when the weather is not that hot, we shut off the central air, and use our bedroom for eating and sleeping.BTW, I'm told 220 volts is more efficient, which is why for larger units, they're mainly 220 volts.

Family financial dealings of any kind are fraught with danger as one is always walking on egg shells.

Don’t put all your eggs in one basket!

You also need to know which expenses get capitalized, which get deducted, and which you have to eat. 

Eat sleep breathe Real Estate.

They have to eat it or inhale airborne particles (usually only occurs when sanding the paint and dust becomes airborne).Lead paint is not as common as people think and the risk is pretty low.

Those paint strippers will eat right through organic vapor catridges in a respirator, and they really don't work all that well anyway without multiple, repeated applications.After the heat gun, you might want to try the Citristrip product on trouble spots.

Selling that property and moving to a cheaper locale would go a long ways towards generating a next egg.