A Second Thought

We have a rough day today. We went to the house that we are planning to purchase. Some of the paperworks, loan officer and appraisal guy are pretty much done. Now, it is time for the inspection guy to show us how stable the house is. I mean is it in pretty good shape? It might have some internal damage or whatever. Since, we are planning to purchase this as "as is" we might have to fix and update some stuff. What it means is the house we are planning to buy is a foreclosure home.
We met the inspector and he showed us every details in the house. He showed us what to fix and what to do, it's like a "standard procedure". We are kind of worried about the stuff to fix because we don't have enough money sitting around. We need to hire somebody to clean up the green pool that will cost thousands of money. The air conditioning is not working. The fence needs replacement and the garage. Also somebody told us that it is not a good neighborhood to live in. I don't know if we will proceed or not. My husband and I have second thought of buying it.
I'm getting a headache right now. We are discussing about it, and comparing the pros and cons. Let see what will happen.