You're good.Keep documentation on all these health hazards you are or have encountered, just in case anyone questions it.

So, assuming you make 200k, take home 100k, your biweekly take home would be $2,083.33, or a biweekly check of $4,166.66.Again, we have to factor in items that we haven't counted like - health insurance, transportation(subway?)

(Health) go to gym 3 times a week.

It would provide mental reassurance/health, get the home back, and we would profit from equity still since the home is still worth $275k instead of the bank earning that money.

No - I take issue with this whole "Recession-proof asset class" mentality.

Or why would you NOT purchase such a home, be it  Health concerns, structural issues etc? 

Thanks to anyone who takes the time to respond, this one has been (stupidly) causing me a mental roadblock and preventing me from taking action steps.

@Justin KushnerI have a C Corp as management company for all my entities.I am using it for all my expenses and it also gives me some other benefits like a health care plan.

I find that by living in a community with different people, I am more physically active, mentally engaged, and life is overall better.

I guess my biggest misgivings are health related more than anything else.