People keep backing out because a bank won't loan on it, and the house has a foundation wall that is in need of major repair / replacement.

It needs some major repairs.

Since it was foreclosed, the bank takes no responsibility for the state of the building so if it turns out there is major deferred maintenance, you may not be able to get FHA financing and the bank won't negotiate or do repairs beforehand so you will be out of luck. 

Go in their place and take visual note of any major damage such as holes in walls and so forth. 

I am a regular BP visitor and think the site and the vast majority of its members add enormous value.

I would probably charge $75 for the MIL utilities since the main home is using the majority.

I did not get an inspection or disclosure, But  the broker and seller intentionally not mentioning a major issue with the sewage system is a problem no matter what, The broker was representing me an the seller, which is a red flag as well. 

With all the new sports complex's coming into Las Vegas I believe that the new housing will skyrocket by 2020. with the older homes beginning left to go in backlog i.e. staying on the market longer. 

On-going maintenance is operational, major rehab or replacement is cap ex.

Renting out one room to my cousin and the other to a friend and their rent covers the majority of the property expenses.