The house inspector just called (from Key West. I am so jealous.) He thinks there's about three dumpsters'-worth of crap to haul away (flooring inside, deck outside; the entire deck has to go; it was built incorrectly and has been falling apart since the day it was finished), the house tented, and he estimates about $80,000 to renovate the place nicely. Not just renovate, but do it well. He didn't find anything structural that's bad and the plumbing and wiring appear to be okay. The pool seems to be okay, too. We won't have to get permits to rebuild, just to renovate, which are a lot easier to come by in the Keys.
His wife loves the place; they'd better not bid against us!
Now we have to decide just how high we're willing to bid, considering that we'll have to put that much into renovation, but we'd estimated the cost at $75,000, so it's not a shock.
I can breathe again, and my stomach has stopped hurting. For now, anyway. I love that property.
Cross your fingers!!!