Tow quick questions for flippers

[Steve Edwards]

1. Do gutted homes offer good profit potential (in general)? I know it depends on the numbers, but I'm not sure how expensive it is to rebuild an inside., so generally speaking is it worth looking into?

2. When going through rehab properties, what should I ask when considering the property? For example, I know that I should always find out: 

*if there is mold 

*how old the roof is

*if there are liens or back taxes owed

What else should I specifically look for that could trip me up if I overlook it? This will be my first flip. 

Thanks a ton!