Located in the south where it gets hot, insulation is good however.  

Should i replace the insulation and dry wall?

However, doing things like insulating the garage, adding a sunny window, some sheetrock and outlets would do no harm.

Also, many have said Boston is somewhat insulated from any market downturns.  

Now 2 months in and I have one tenant in jail ( it looks he didnt have US residency) and the other one calling ( screaming is the right expression) every 3/5 days complaining about washer ( we replaced it), no insulation (we fixed it), clogged toilette ( it was fixed inmediately) and saying the problem with the toilette was never fixed and it looks like the septic tank may be the problem.

If you tear out the paneling you’re subject to rewiring the house (no longer grandfathered wiring on a gut) / getting insulation permits at least in my town (>30% area drywall replacement).

By offering additional properties as collateral and letting the lender put a blanket loan over the group you get the loan you need and the lender insulates its risk sufficiently.The genesis of this post was the concept of taking out (or paying off/back) a private investor.

Texas has been pretty insulated from the recession.

I sell my contract to buy at $25k for $27k before I am actually required to put up the money and take possession of the car.You are claiming that the fact that I am a principal to the initial contract, and to the second, is going to insulate me from having to be licensed as an automobile dealer?

With Real Estate they say "location,location,location" with Contracts i say "disclosure, disclosure, disclosure" this is one of your main insulators for this type of transaction.