If it's that little, that usually means it's just running in one area and is a pretty easy fix, not an entire rewire.

I have been involved in many foundation repairs and we get the improved foundation up to as good or better than new.

While condos might be all someone can afford to owner occupy or invest in enter at your own risk and if they are talking about future special assessments you will likely scare future buying prospects away. 

You need to calculate the time to break even on this, and consider if you will live in this home in 1 or 2 years from now.

How many does she do in a year?

In my experience in this market almost no one is doing them.

You are defiantly in the right place for the sake of networking.

     Firstly, this post is for anyone and everyone who hasn't had the opportunity to properly introduce themselves in the BP community.

You could be a private investor for a house flipper, but then you would be the bank and I am not sure how that would sit with your faith.I would park the money in index funds if you can't do syndications just because you are restricting the possible use of your money in real estate.

In that case you would be buying the house subject to that existing mortgage and borrowing an additional $100k?