Just purchased a four bedroom row house in west Baltimore .

[Marquis Chambers]

This is my first investment property that I just purchased. Is it smart to do a complete gut or save the walls that I can save. My plan is to redo the kitchen and open up one of the walls for a larger bathroom. Some of the walls are drywall and others are plaster. Any advice will be helpful.. Thank you in advance

[Mark Cruse]

That is a very broad question and it can't be answered without knowing multiple things about the property. I mean it's so much to consider but we would have to know what you plan on doing with it, the property condition, the renovation costs, ARV, project scope and many other things. Buy and Hold? Flip?