Inspection period advice needed.

[Jean-Thierry Aleman]

I am currently going after an REO. It is a full gut rehab. Everything needs to be ripped out and redone except plumbing. I had my contractor walk the property with me already but (there's always a but) this house has a pool. He does not know anything about pools. The pool looks more like it's own ecosystem..... Frogs, plants, primordial ooze/slime. I know I need to have it inspected so I know what I'm getting into in case of leaks or other catastrophic issues.

My fear is others will not have inspection period just to get the deal. They already know everything needs rehab so why bother attitude.

1) How many days inspection period should I put into my offer to still be competitive?

[Corby Goade]

If it is an REO, there will DEFINITELY be as-is offers, that's the standard for those. Honestly, you'll need to roll the dice- make an offer that you are comfortable with and see how it goes.

There will always be others who are willing to take a bigger chance or accept a lower profit margin, either due to ignorance or much more experience, but either way, do what works for you and you'll eventually get some traction. If you are consistent and relentless, you'll do some deals.