If the market is so hot then why not sell and buy an asset where you can force value? 

Building a new wall is actually something to consider when the repair is so extensive, as it might cost more to attempt to repair than it might to replace (no need for beams then, and those are $200 each - that adds up fast).

Hi Daniel, I'm not sure what your financial situation is so I can't speculate on what you should do.

Similarly, because the market is so hot I think its prudent to look for somewhere that you are comfortable buying and holding long term regardless of whether you will owner occupy or not for the long term. 

@Matt Rodgers there is so much information on here as well as people who are willing to help. 

Sure we can make an offer 30k less, but the market is so hot that it basically dictates an offer that low won't even be entertained.

So obviously, we'd have to put in an offer tens of thousands of dollars less, perhaps close to half of what they are asking if we want to be able to cash out all or most of our upfront capital....which I'd be more than happy to do, but the market is so hot, that an offer like that wouldn't even get looked at.

The reason for me investing in real estate and being a real estate agent is so that I can put myself in the best possible position to buy the Conway Scenic Railroad in North Conway NH.

@Caleb Heimsoth commercial is so much easier, that is for sure!

That's never been checked by me as it's occurrence is so rare.Renter's insurance will kick in if the tenant's property is ruined by the overflow causing flooding.