Investment Property with Fungal Damage

[Billy Kane]

Hello All,

I am considering on purchasing a investment property, but I am a little hesitant because there is over 30K worth of fungal damage that needs to be addressed. Is fungal damage that bad? I heard that you can never truly get rid of the fungal because it is on existing wood and black mole is very toxic. Also since tenants are living there they can sue you for the mold. I've also heard that even after treatment the fungal can come back and continue to spread.

What do members of biggerpockets think? Am I over reacting to fungal mole or this is one property I should stay away from?

Thanks in advance!!