We are all human and make mistakes.Yes, you will have the same issues when you go to sell it.Good Investing...

If you discover foundation or structural issues these can also be expensive.I would not use a per square foot figure like, $50.00 or $75.00 per square multiplied by the number of sq. feet.

That's a nonconforming property, where you have fewer lenders that will bite on it so you are limited there but let's assume that's not an issue. 

If you sell now its a 15-25k loss unless you do FSBO, then the loss is smaller.If you don't sell you may be negative around 4-6k each year depending on the capex timeline/maintenance issues.

But if youre buying your dream home in a year, then youre likely to run into an issue if your stretching.

Often the borrower/buyer will pay for a title insurance policy to insure against title issues or flaws, but it's usually a rider to a standard title insurance policy the seller typically pays for.

Many times the consideration for the option is related to the amount of appreciation that is anticipated during the option period.But definitely create two documents. 

I completely agree with you regarding Houston as it relates to strong areas of Texas to invest in.

The tenant from the unit with the leak supposedly moved out because the leak issue was not being fixed.

Ideally one with insurance to cover any issues. 2.