Fire Damaged Property For A First Time Buyer?

[Brian Bennett]

I'm looking to purchase my first property and I'm eyeing this fire damaged multi unit home. It's a short sale that's said to have mold and structural damage. I think it could be the right property to build equity into it and leverage the equity in a cash out refi to invest in properties in a cheaper market. Has anyone rehabbed a fire/structural/mold damaged home and if so, is there any advice for me?