He needs to file a petition with the court to be declared the owner due to being a surviving spouse.I don't think he needs the full probate case that takes 9 months because he is a spouse with community property privileges and not her children.Could be wrong but,I don't think so unless of course her family files a legal objection to his inheritance.

In reality, the homeowners typically use the ground floor as ordinary living space.If your home has a problem unique to it, a general contractor may have a way to cope with the problem (sump pump, grading, etc)

Oh, you are right Adam Schooley , I think BP thinks I'm in Pompano based on my zip code.I'm indeed in Coconut CreekThe funny thing is my only attraction to Coconut Creek is my son's current school, but my objective is to homeschool, so I can really live anywhere in Broward.

I find it quite unique and could be give the house some character if paired nicely with a neutral or earthy colored siding.Ripping it out will cost a decent chunk of change$, you won't know what you will find underneath. 

Talk to the neighboring properties and see if they would object.

Some people have different goals and objectives.

Everyone has their unique advantage (at least succesul investors do) so more power to you.

The objective here is to try to funnel those losses into the tax return having the highest marginal tax rate.

Hi @Saran Mandhadapu - The best loan for you is based on what your objectives are and what your exit strategy is.  

Don't give up on the objective, but be realistic with yourself with your assumptions.