thank you for  your opinion  and i am sorry  for my ignorance about this topic

I said no we gave you a deadline, and this seller chose to ignore it.

@Jeff BridgesAh, finally we get the substance and avoid the humiliatingly ignorant chatter of those good people who would love to be able to move bathroom fixtures around arbitrarily in a remodel without being bothered by the pesky reality that, hmm, well, little chocolate children must flow consistently downward in order to leave a bathroom.Can you cross a joist with the 3-inch (that's actually internal diameter, it's 3.5 inches outer diameter for Schedule 40 PVC or ABS) waste pipe of your commode, by drilling a big-a$$ hole through a joist to get it through and weaken it significantly?

I’m hoping for some advice on how I might theoretically think this through (ignoring my lack of experience in real estate).

@Bob Prisco We did this property because we wanted to move to Maine, and at the time this was a great place to start it's not so bad just as Brandon Turner has said and everyone else, its easy for beginners to feel overwhelmed but I am only doing one step at a time and I am ignoring all the other issues but at the same time taking notes and research so I am not shocked when it comes time to fix something else.

I say "May" because since each bank will lend it's own money differently there could be some that do care...but for the most part most will be ok with just using the income from the property itself and ignore the income from the tax returns.Now let's tackle "Which lender is best for me?"

Chase only offers .01%, but frankly, I completely ignore this interest and only use Chase because of their ease of use and large integration in my area.Thank you for the incite and continued conversation!

Again, using a very simple example which ignores depreciation recapture to make a more straightforward hypo. 

The house was built in 1923, but this appears to have been added in a later update and I don't know when that would have been.I didn't realize that ignorance would cover this.

Maybe not the first time or the second time but somewhere along the way my advice will be ignored and Someone is going to rent to their friends kid or Aunt Judy's step-son and when you refuse to cut them a break because XXXX and charge poor Cousin Leonard a late fee your name will be Mud at the next family reunion.