When I got an accepted offer on a property, and inspections revealed an extra 20K worth of needed foundation repairs, I sent them correspondence declining to close at the contracted price, within the time limit, and offered 30K less.

It's interesting how a single question can at once reveal how much you know and how much you've yet to learn.Thanks,

So had to sweep glass into my lawn, when glass was revealed after snow melted. 

The Home Inspector report revealed major deficiencies in the rehab and the Home Inspector told me that the rehab was like “putting lipstick on a pig”.

However, it's now revealed that the seller isn't motivated to take any less than $185K as his final payoff, regardless of when.

-------------------------------------------Asinine statement and I'd tell you that you just revealed your ignorance of economics as well, making me all the more not willing to sell to you.

If you can answer that question, then the answer you are looking for shall be revealed @Zaheer Jabbar .

A 30 minute conversation with a city planner could reveal a lot.From what it sounds like, rezoning to multifamily residential could be the most 'profitable' play, but rezoning to commercial (strip mall, commercial) could be a nice exit as well.

During the inspections, it was reveal there is a unsatisfactory septic system.

Also I'll warn you that you got to read the whole thing to let the story reveal itself.