<prompt> Human: My wife unexpectedly came into possession of her grandfathers old house. It is bought and paid for i.e. there is no money owed on the home. Since we were struggling with affording the rising cost of living where we were living at the time, we decided to make the jump and move into this house to try and save some money finally be homeowners. Even though we knew this was a risky move, we still didnt plan well enough for this big life event financially. We have no savings and are living off of just one income until I can also find work. While this works for the time being, it doesnt easily afford us the chance to do some very necessary and big repairs to the home. And in a way were kind of caught in a cyclical trap of sorts. Let me explain: The area we live in is prone to hurricanes, so we need to get the house insured asap. We cant get homeowners insurance until the house passes a 4 point inspection To pass this, we need a new roof and a functional heater We cant afford to pay for these things without financial assistance We looked into getting a home equity loan or line of credit, but we need insurance first. Also we dont make much money at the moment and are unsure how well our credit scores are doing I think that mine is okay since Ive been paying off a student loan and credit card on time, but I havent checked it lately.TL:DR we got a house for free but it needs work. To work on it we need a loan. To get a loan we need insurance. To get insurance we need to fix the house.I know were not in a totally unsolvable situation, but I was wondering if anybody out there had any helpful advice to offer to a dude who has unwittingly gone from 0-60 mph in the world of fiscal responsibility. Thanks for your time!Assistant: What is your household income, what are you total required monthly expenditures, what debts do you have at what interest rates, how much money do you need for the basic repairs, how much will insurance cost?And how much is the home worth right now? How much will it be worth when repaired?Human: Household income - 25kyr but expected to go up twice as much when I start working Monthly expenditures approx: 1000-1100 Debts - 9000 in credit card debt at a standard interest rate, student federal loan with about 6000 left cant recall interest off top of my head Basic repairs come to about 20-25k were still getting quotes, so that might be a little high Im not sure of the homes exact worth. We havent had it appraised yet  <response>: Whatever its worth, you need to sell it now.You can not afford this house, and you will lose it one way or another if you do not sell it as soon as possible.Can you even afford to pay the property tax on this place? And when is that due next? 