Looking for options and ideas

[Matthew Koch]

So I'm getting my feet wet I'm taking action and I went out and checked out this property tonight. The listing shows a 5 bedroom 1 bath house. And the two people that are living there with their mom are telling me all of this stuff that are wrong with the house and it red flags in my mind for the excuse of not being able to leave out of this house I asked them directly what happens if their mother happens to sell the house where do they go they didn't have a straight answer for me and I ask that pertinent question to try to make a win-win type of situation in regards to being able to connect the dots with someone else it might be able to help them out and getting into a place of course that depends on their current situation and financial status and all of that as well as jobs in other factors. But the brother or the son rather gave me a literal laundry list of things that needs to be done to the house such as the roof has leaked into the attic and then cause structural damage behind the walls also that there used to be a oil tank where are there currently is a concrete slab next to the house that was used to heat the house I hooked up to the furnace but now it's only a gas furnace but that doesn't even work and they're worried about turning it on because it does leak and you can't really open up the windows to vent it out except opening the door itself and getting out any fumes that would stay in the house. The main level itself does look fairly good but to the untrained eye as myself as green as I am what is assume that it is a good cover up and that there is possibly mold Behind the Walls there. As the house was built in 1955 according to the sun there is lead paint and asbestos in the Attic and as I was to witness myself there is no real closing of the attic it's just an open hole in the side of the house where there is Storage stuff inside that hole. There is actual mold in the bedroom on the main level as well in the corner where this lady sleeps every night.  The actual backyard is overrun with a lot of weeds and trees that were planted there 20 something years ago apple trees pine trees Quaking Aspen's among other major plants that's back in the day probably looked very nice but now all I see is a complete landscaping job where in my own personal opinion all of the trees would be taken out the entire lot tilled up and recited for grass or possibly there is a chance of an another lot Oar House to be built back there if the ground perks and if it's zoned to allow that other house on it such as a mother in-law suite. And as I burn through 195 podcast episodes I've learned a whole bunch of what can be done to a house and what cannot be done to a house and I would still like to know the opinions of BP community in the direction that I'm thinking this house could go. I definitely will admit that I don't know how to run or work the numbers for arv but I do have an idea as per what  should be done to the house and I think in my own opinion one option is to have the house completely gutted not only to the studs but also the floors to be taken up and removed and checking the foundation for other structural issues and if the foundation cannot be fixed or taken care of then it might be a potential fill in style demo  and the whole house be taken down and the new house be built and then a structural secondary parcel could maybe be on this one lot.....  I go with that route of bulldozing the whole house to the ground because looking at the other option of getting the house and fixing the structural issues in the basement completely redoing the plumbing completely redoing the sewage completely redoing the electrical it would technically be a brand new house but if the egress windows were put down in the basement and they were finished an insulated well in my personal opinion then it would actually be an official 5 bedroom 1 bath house with a potential of adding a second bathroom as one was started and plumbed in the basement but never finished then if only there was another house in the area that was comparable to it so it can be sold for higher than the 195 k after its fixed up again and relandscaped..... 

anyways. Any help and advice is appreciated. House is 1236 n lincoln ave Jerome Idaho 83301.

Thank you for reading my long rant.