Rob Thank you for the advice and yes at the present time my gross revenue is more around $5k a month, but I would still like some sort of LOC so I can continue to generate credit and have those funds if needed.

Can I have it towed or do I need some sort of lease addendum specifying this is not acceptable?

Would this be some sort of mortgage wrap without title transfer?  

What sort of discount can I get when I buy this house, and how much will it cost me t fix the problem?

I work hard, and would love to be an unpaid intern of sorts, just to learn more, and connect with other like minded people!

(Now after re-reading your post and seeing you will be living in one of the units I think all of the major carriers would be fine with it after it hits their underwriting dept.Now if the whole building was stripped down to the studs that would be a different story - you'd need to have them underwrite a different sort of policy that could be converted to a non owner occupy later on, once renovations are completed.You could try a handful of the large independent agents in the area - I'm sure they would have a company they can write with.

It's coming out of the front of the HVAC at about eye level, goes straight for about two feet, does a 90 degree turn (all still at eye level), goes another two feet, does another 90 degree turn and then sort of gradually works its way across the next four feet until it disappears up where the ceiling meets the far wall.  

It got me all excited that people that I was some sort RE genius :)

This sort of puts in place a perpetual housing shortage.

Like a couple of other people mentioned, real estate is not a get quick scheme, and it's important to think about what you bring to the table.To be successful, you need some combination of  time, motivation, knowledge, experience, and of course, cash.