We haven't signed anything an I am still yet to do a walk through to determine if the deposit is enough money to cover everything.At this point I simply broke down for him this is where we are financially if you decide it's time to move on.

However, people do sometimes go overboard and spend too much money on deluxe kitchens elements that simply don’t belong in the house or in the neighborhood.

Here's what the Zestimate did:The Zestimate is a good place to start, but don't ever simply rely on it.

My question is, upon getting the property re-appraised after strategic renovations to increase the value of the home (Kitchen, Bathrooms, Flooring, etc) would I need to refinance to get the PMI removed or would it simply phase out as I should now have more than 20% equity in the property if everything goes according to plan.

I’m considering acting as the GC and simply sub contracting out all aspects of the job (not doing any of the work myself).

My question is simply this: is their any way for a 19 year old kid with no experience and no credit to start building assets and passive income in the business of real estate investing?

None-the-less @Lisa Hill needs help clarifying/simplifying things, my guess is a 1031 will simply accommodate her needs given her expertise and investment amount. 

But if it's simply cash right now, I know in PA and I assume other states.. you can have an attorney do a title certificate.

I would take a price concession of half its replacement cost and be happy.Remember any negotiation here allows the seller to simply say no or even terminate and pursue another offer.

Examples: I take a refundable pet deposit instead of a non-refundable one or a monthly fee, I currently pay the whole water bill without taking money from tenants because the duplex is watered together (I will eventually get a separate meter but the outlay is more than I want to pay right now) assuming it doesn't get out of control, paid for the new doorknobs on the bedrooms because the tenants requested locks despite the lead tenant saying they would pay for it, planning to replace the microwave hood simply because it's louder than it should be though it still works, etc.I'm probably losing out on a minimum of $100 monthly.