Heck, in Brandon Turner's old neck of the woods (i.e. podunk WA), there was only one hard money lender in town and he was charging 10% interest and 10pts. 

We salvaged the upper solid wood cabinets, cleaned them up, painted and changed out the hardware.

I opened a wall of an old house and found some wood in terrible shape.

I opened a wall of an old house and found some wood in terrible shape.

I opened a wall of an old house and found some wood in terrible shape.

The squeak comes from wood rubbing as it moves (kind of like cricket wings).

I would have to paint the outside of the home, fix all the rotten wood, and make a handrail for all the stairs.

Original hard wood floors that can be sanded down and refinished or carpeted over or whatever.

It may be helpful:Here are some things to look for from an Insurance prospective:1.Any in-ground tanks (active or inactive)2.Any Knob & Tube or Aluminum Wiring3.If built before 1978, does the building have Lead Safe certifications4.Any wood stoves or secondary heating units.

If those are solid wood cabinets and are in decent shape and you are replacing with the cheaper line of cabinets it that are particle board, I probably wouldn't do it because they won't last as long.