I would just focus on rebuilding reserves over the next year or so and getting rid of the short term debt if it bothers you.

They won't take his income into account without using his score.I was hoping there'd be an easy fix to let me use his income, or find a way to get our primary mortgage debt to stop counting against me (via a lease or something of that nature) but it's not sounding like there are creative ways out of this after all.Not an issue - we will continue to rebuild husbands credit and just wait to purchase anything until then.Thanks again everyone.

Based upon what you say, it seems to me the high and best use would be tear them down to the foundation and rebuild

Cousin of 203(k) that everyone knows about. 100% financing to rebuild. 

They weren't financially savvy, and didn't realize that you can rebuild your credit over time.

Falling through the floorSomething falling on your headStepping on a nailGetting your cloths dirtyThere are times when the owner of a fire damage houses will just give it to you since they have collected on their insurance -There is a possibility that the owner will joint venture with you to rebuild the house and split profits with you.

Lots of houses around there are getting major updates and renovations, so a full tear-down and re-build of a larger home could be viable too, though that is way outside my ability to eyeball.My other initial thought: I'm surprised to see something like this publicly listed.

If you have any suggestions on how to support that wall without rebuilding it I would totally be open that idea.

Rebuild your credit over the next 5 years and save like you have never saved before.

I have figured the deal in a worst case scenario type situation, which would involve replacing the water heater and furnace, excavating foundation and placing drain tiles, and complete gut and rebuild upstairs.