We are stuck with keeping the house to rent out while we use almost all of our savings to put down on a home when we move (Tennessee is the landing spot) which we believe will be 20% of the purchase price (please tell me if there's another way) and selling our home and use that money to deploy on a home purchase once we finish the transaction.The idea with selling the home here would give us the amount of money to more than likely buy outright when we move and then give us some breathing room to figure out what we'd like to do for a living when we leave.

Take a deep breath and attack it one step at a time.

When it goes $15k over take some deep breathes and move on.

Take a deep breath and keep calm.

The tenant is month to month but we are thinking of entering into a lease (6 to 12 months) to give him some breathing room before having to move. 

@Allison Ottenfeld I'd step back 10,000ft, take a deep breath, and slow down.

If you can find micro-markets in Cleveland that can sustain it, it is still possible to take a property and breathe new life into it and make a pretty penny. 

Lead poisoning is real.. but in order for house paint to be a problem it needs to be either ingested (like a baby or small child chewing on a window sill, or possibly breathed in when old paint is scraped or ground with some kind of sander of grinder.

Everything in a house has to breathe in some fashion or you will get mold and rot.

Your interest rate is going to depend on the credit score, so you may want to take a breath, look at one of the credit reports and see if they offer a "what if" scenario.