The seller ended up VERY unhappy that I didn't buy his house that day and proceeded to scream/chew me out over the phone!

If you're buying for $40,000-$50,000 you're either getting a screaming deal or buying in the hood. 

I want to scream, but I cant!

If I saw someone dressed up as that deal for Halloween I'd run away screaming. 

I'll take on county projects if they are screaming deals but I love Baltimore and I want to do my part in making it shine.As others mentioned, it is so bizarre to me to see the city is run so poorly.

Without seeing the Actual option document, no way to evaluate.....but this screams walk away.

The money cautious part of my brain reads this and just keeps screaming "but you're wasting money over the life of the loan"You've definitely given me something to think about, because it's going against my "tv" way of thinking. 

For example, they don't want five friends renting a 3bedroom home together because that means there are probably five cars (or more) parked on the property, extra visitors, increased likelihood of noise, etc.Call your city planning and zoning office.

There is potential to add a campsite so that summer visitors could park RVs to generate additional revenue. 

If not, I'd look at markets where you have some connection - a friend or family member it regularly visit or can partner with.