I can get into a cross walk in front of a speeding car about to run a stop sign, legally I'm right, but that doesn't make it a good idea.

Parents plan: My plans plus complete kitchen gut, new trim, new doors, remove fireplace to accommodate a new half bath and walk-in pantry(that one isnt as straight forward as it sounds because a beam had to be added to support the load and the entire house had to be re plumbed to add the bathroom!).

It sounds like you're on the right track.Your lender should be able to walk you through the options the payment differences, and the other ramifications such as tax deductibility of each.

I know that in smaller towns you can walk into city hall and ask to see the tax rolls.

Here is what I walk in to this morning.

Side by side feels more like your own space versus having someone clomping above you or having to walk up a flight of stairs to get into your unit.

I walked into this house with around 25k in equity and its turnkey in a good neighborhood that will attract good renters.

Given that you let it sit for a year, leads me to believe you are in over your head and need to walk away.

My option is looking like hoping that the current owner fixes this tenants complaint within 7 days as it states he has to on the lease or just walking away from the deal.

My options are one of two things, put faith in the current owner and hope he fixes this tenants complaint within 7 days as stated in his lead (which I have a copy of), or potentially walking away from the deal as this problem will become my problem once we close.