Just trying to be straight with you so you don't ruin your life. 

(This proved to be a horrible mistake as it just ruined our relationship and made him bitter toward me to this day).  

It will be bad for business and for your reputation if someone can just bully you into getting out of a signed agreement.I hope I am helping you and that you take this to heart, I wish you the best and it is a bummer when the first guy comes along to ruin your perfect streak but don't bend.

Having a bad experiment on your first could possibly ruin your goals and outlook on investing forever.

Will extreme heat conditions in the attic ruin Luxury Vinyl Tile causing it to peak and buckle? 

I have a full time job that supports me at the moment, so not having gobs of cash coming in from this property isn't going to ruin me, as long as it takes care of itself.As they say, you don't know what you don't know...Also...more questions have surfaced since I began writing this...LLCs, should I have one for this transaction?

It will ruin it, end of story. 

You might be pleasantly surprised what's underneath, you won't ruin the vintage look of the house, plus it'll save you money and be lot easier.

The barrier: A very skeptical wife who thought--and still thinks--that any form of real estate investing is a sure road to financial ruin.

Thinking they expect one thing, when they expect something completely different can - and has - ruined many families.Your parents are giving you a generous gift.