But really anywhere on the front range would probably work.Thanks for you help.

Regardless if you're buying a $10,000,000 home with 840 scores or buying in the $100,000+ range, 550 scores, we find your best terms for your situation.  

(knob and tube aren't grounded - so any outlet near a water source wouldn't have a GFI on it.

Kerri - thanks for the  post ...consider  2 steps :1)  refinancing the  FHA loan to a conventional loan  to  eliminate the  FHA mortgage insurance  ..the  note rate might be  slightly higher than your present 3.875%  rate  but the  removal of the  FHA MIP  will likely leave you with a significantly lower  payment  that you have now  .2) use a  HELOC ( home equity line of  credit )  to  payoff  whatever  other  debts  need to be consolidated .....the  required payment on these  are  " interest only " payments so try to make a  larger than  required payment so the line balance can  decrease ......rates  are in the  5-7%  range ....interest paid  no longer can be written off  .......most lenders  will  go to a 90% cltv ( combined loan to value ) level on these  ( as long as you qualify)

I know which is very high, my property is listed as non residential as per water company since meter is 8in, currently I am paying as a landlord full monthly water bill and all my profits this bill is eating.I ask the water company my property has submeters if i make those active is the water bill going to reduce by making the property as residential?

I’ve found single family townhomes ranging from 100,000-200,000, and then I find 3, 4 unit homes in established areas (canton, federal hill, locust point fells point) and also somewhat established (Bolton hill, pigtown, hollins market, etc), but those multiunits are ranging from 300,000 to 400,000, rent in area ranging from 700-1200 a unit, but 0 down and me having a 4K reserve to work with for tenant expenses and fees, my heart says just do it take the risk, have the cash flow pay for mortgage and I save my own money into reserve ASAP,  but my mind says not a good idea to buy the multi ill be in over my head, stick to the affordable single family property, hopefully it appreciates and start rent when you leave the property.  

By no means should you scrimp and cut corners, but maybe granite countertops and hardwood floors dont fit with the price range you can get at your location.Personally, I dont like dealing with people all that much so I use property management companies to interface with the tenants. 

He said there might be a couple spots where water could come in so for the sake of my property maybe I should get it done.

There is some appealing cash flow in Grays Harbor County (Brandon Turner's neck of the woods) for value add buy and hold investing, but this is also a bit outside of my immediate range and would feel a lot more comfortable investing in that county with a solid property management company to lean on.

Basement has evidence of water and mold.5.