Yes, you can sue for specific performance or for damages if your sales price ends up lower than the current contract price. 

.- Put a new lease agreement with new damage deposit, new rate plus utilities, and conditions or- Evict  for full building Reno. 

My criterias are the following:*A home that I can get for 20 to 30% under market value that may have cosmetic damage and slight repairs that a one-man contractor can take care of within a month, *neighborhood C+ or B-* last price range of 100000 to 250,000 -THANKS IN ADVANCE

I don't think it's a great time for first-time investors to commit to a deal as they will likely panic for months about it causing strain on their pockets and mental and physical health.

********************************************************Update after work start: (ADDITIONAL ISSUES from PM)Vendor was out yesterday and today, and they started to dig and clear out and found there is more damage in the line then they had previously found.

A lot of properties (especially condos and in the price range I was looking at) had at least some "wood eating insects" damage.

Perhaps I need to map out where duct work would go and see how much additional damage it would cause. 

Financially and physically.

However, I found out that this home was physically moved from a different location in Wisconsin at an unknown time.

Last question, do landlords usually charge a non-refundable pet deposit each year a tenant signs a new lease to help pay for damage the pet creates over that year?