Would you re-level the floor?

[George Rodriguez]

Hello everyone. I am trying to do my first flip and im getting stuck on what exactly needs to be fixed and what doesn't need to be fixed.

I own a handyman business and have lots of construction experience so i know what "needs to be fixed", but im stuck on the question of whether it "should be" fixed or not.

For example: I saw a house and did my list of things i thought needed to get repaired. Then i had GC come out and look at it too. He said i needed to re-level the floor because there was a dip in the floor, which i didn't notice and you really couldn't tell that much after he pointed it out either. The house is a lower priced area so i didn't think i had to put that much money into a old smaller house in a not so good neighborhood. I got confused on whether to do it or not

Or 

I saw a house the other day that i knew for sure needed new siding because the old siding looked like the cheap kind and it looked old as well. Then an experienced flipper told me it wasn't necessary and that i could just paint it. He said i shouldn't try to repair the house like if im going to live in it myself. I don't like to do sloppy work and this really threw me off. Especially since comps show new nicer looking siding.

How do you determine what needs to get fixed and what doesn't?

Im going through these growing pains. Is this normal?

I didn't end up buying either deal.