Food for thought, but you can have multiple exits in this case.

I also use QB 2010.Click on Reports > Company Financial > Profit & Loss by Class.The way I learned is to make properties classes.

The proposed bill would replace Fannie Mae and Freddie Mac with a new government entity that would act as a new federal regulator for the mortgage industry and would administer a fund to cover losses on mortgage backed securities.

I'm guessing that this benefit will offset the loss from PMI, but don't know what the requirements are for PMI or whether there is any way to get around it.

Should I cut my losses now rather than spending money on engineering reports, more inspections, appraisals, major repairs I wasn't anticipating, or should I hang in there to see what the seller can do for me?

The Seller actually reduces their risk of loss by forcing the down payment to bring the debt in line with the collateral.

That kitchen ceiling is moldy-awesome.Be sure you invite the neighbors over for a "sneak preview" - get some food & drinks & make a nice open house event.

You can put any clauses you like, but if they assert any loss of legal rights or waive remedies provided for under state laws (federal as well) they would not be enforceable.

In one my feet stuck to the floors they were so filthy, and the toilets hadn't been cleaned yet this year, the walls had holes, they all stunk and had varying degrees of unidentified food on all the stoves.

Consider some of these things: you need income/savings to pay for food, insurance, transportation, utilities, retirement savings, perhaps a family some day, the list goes on and on and on.