Some of you may have seen my previous posts but anyway I've been looking at buying my first property in South Florida (Fort Lauderdale Village Area) for $225k with current rentals at $2250, and a possibility of bumping it up $2500.

Since the beginning I've gone through tons of bumps along this search. I started looking September of last year and after finally finding something I liked, my loan was denied, the broker told me to wait until March so the late payments I had made in 2015 were erased from my record.

After starting the search back up in April, I go to put an offer on a property and same thing.

Last month she said I was finally approved for a loan and to start looking again. I found this duplex in a neighborhood thats without a doubt going to appreciate (my fraternity brother is in the city's development department and has sent me redevelopment maps of the area). But when I went to do the appraisal it turns out the house only has one water meter and isn't officially a duplex like it was listed.

The mortgage broker now says we will need to open up a door between the two units and remove the kitchen from the efficiency in order to be able to continue with the loan/closing.

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I'm quickly starting to lose hope on this search and feel extremely bad for my realtor who has stuck with me since September. He believes regardless of the situation it's a great deal and I should stick it out. My parents say I should back out, take the loss for appraisal and inspection, and put my savings towards the remaining balance on my student loans. And the mortgage broker says from her pov I am entitled to be refunded my inspection and appraisal costs.

I really want the property but am worried about having to practically renovate the efficiency/in-laws den and having to find new tenants (previously the tenants stated they both wanted to renew their lease).

What should I do?...