Purchase price: $195,000 Cash invested: $54,156 Buy and hold single family home with a 4 Car Garage.

Gas going to be closer to 5/gallon than 4... car insurance probably 150 or so.

If you want to make the opposite case, look at engineering degrees or point to the wage studies that show on average people with 4 year degrees make a lot more than those who have zero college.  

I would bring in a drafter or architect to assess it and see if you only need the building plans and pay permits: Building plans about $3k to $4k since everything is done... and city permits about $4k to $7k and make sure that you don't have to do anything major... front foundation could easily be $5k or more plus engineering work and stamp. : so, assess all systems and see for obvious things like : garage door, ceiling height, perimeter foundation and drainage, framing if you can, attic space, electrical, plumbing etc 4.

Now there was no mention of the engineered plans requirement for the 12+ requirement to my recollection, so I do call foul there. 

If it is block construction the engineers will make you beef up the slab and add piles to support the new weight of the second floor.

The average car is parked in each spot for 20-30 hours.

Friends, family, or you might be able to access funds via a HELOC, cash value from a life insurance policy, take a loan out on your car, etc. 

Book a flight from Portland to Orlando rent a hotel and car and go to the planning department and building department in person and get to the folks that were running the permit and discuss paths to completion..

If you like the the area and can afford the house it would be like buying a luxury or sports car.