I was born and raised for about 10 years just outside of Charm City. 

I don't disagree but reality is you may have bought a 3500 square foot, 100+ year old brick duplex in crime ridden part of town for $30,000 that would have a reconstruction cost estimate of $390,000 to $450,000. 

The gas furnace and AC are very old and defunct.

They decided to fire the old landlord and now it seems unclear whom will be the new landlord from now on.

The gas furnace and AC are very old and defunct.

First, congrats on your first post: I know it's always scary putting your hopes and dreams out there for all the world to see!

@Jonathan Cox the way i see it, and i may be crazy, is if your banking on a retirement account to save you when your 60 yrs old, you wasted a whole lot of your life away working for something that won't support you in the end.

This is certainly no big secret in the seller financing world.

.), ]  age building (year of the most recent updates to roof, electric, plumbing, heat can help on old buildings),   limit for the value of the building,   whether it is Replacement Cost or Actual Cash Value (RC vs ACV), size of the deductible,   claims history of the property,  etc.You should get an individual quote for the most accurate rate.

If the property is already bank owned, the old debt is cleared...EXCEPT for sometimes utilities, sewer, trash, and possible Federal liens.