Bearing those things in mind, maybe a gut rehab wouldn't be a bad idea. 

I could be giving advice based on my years of investing in Mexico and the Riviera Maya and helping many buyers and investors do so but I won't because I have no fiduciary duty towards you and you're going to be the one to bear the consequences.

Not sure if that has any bearing in my situation.  

Headers in load bearing openings were also often undersized for today's heavier loads causing sags in openings.

From IRS audit experience, think of it this way:If the auditor views the hours as “unnecessary” OR over the top that had no bearing on the successful operation, they will disallow.Real world example: You live in Colorado and have a STR in Arizona.

How are you going to refinance before the grace period is up.In the past, when I read people on BP or hear stories of people using credit cards for real estate and then share their story of how they defaulted or went bankrupt, my response is usually not very polite and it is somewhere along the lines of "oh really, would have never expected that to happen", and it goes on the list between rubbing a polar bears belly and getting mauled and sending $1M to my nigerian cousin in order to collect my inheritance and not getting anything back.

You're going to bear costs no matter what.

If you're serious about quitting the W2, that's gonna be an absolute bear to cover with cash flow from real estate.And as your kid(s) get older, time is the commodity, not money.

What they are looking for mainly is load bearing on that ceiling below.

Ultimately, we had to bear the financial burden of fixing their mistakes and hiring new contractors to complete the job.The key lesson we learned from this experience is the importance of thoroughly vetting contractors and establishing clear expectations from the start.