A few questions about rehab inspections

[Patrick Philip]

I'm getting ready to buy my first rehab project in September. I have many potential deals from wholesalers in my email inbox.

I called my home inspector and he said he doesn't inspect for: termites, mold, lead paint, or asbestos.

These are all potentially major issues that I'm not sure I can identify by myself. Do I really need to get a separate inspector out there for each of these issues? Is that what you do? Wouldn't that take forever and be expensive?

Also, some people have warned me that once I start tearing down drywall, I will find a whole host of problems that I didn't expect. But why would I tear down drywall unless I'm removing or replacing walls? In which case, if there were problems behind the drywall, no one would know. A standard home inspection has no idea what's going on behind the drywall. What could be back there?

Is there anything else I'm potentially missing that could spell doom for my first project?