Getting first deal under contract

[Mitch Ottoson]

Hello BP! I am hoping to get some advice on my first potential deal. I am looking at a duplex to house hack that has great upside potential. It is not quite move in and rental ready but it is close. The issue is that a flipper did all of the work himself and is unable to provide permits on the work he has done. I could move into the house today and make the situation work while getting the other unit ready to rent. My concern is that without having professionals come in and give me quotes during due diligence, I don't know I'm getting into. My question is, if I write an offer to get under contract, am I held to that price or am I able to negotiate based on my findings? I plan on writing serval contingencies to protect myself to get out of the deal if inspections don't go as hoped but in a competitive market, is there a risk in writing a full price offer to get under contract to learn more? Any advice is much appreciated!