Investing in a molded home

[Carl Hess]

I'm a new investor looking to flip a house that has a heavy mold problem. I know that this can be a major issue being that mold has to be professionally removed and can grow to an uncontrollable level. However, the house has a great ARV that I would benefit from. Just to clarify, this home has mold in the walls, ceilings, and even on the siding. A lot of replacing of sheetrock and joist. Has anyone had experience in such a rehab? I need to know how the city may be involved in permits.

[Carl Hess]

Adam and Neil, thanks for the advice. I called up 3 different mold removal companies and they gave me expected pricing for such a big job. This 2,000 sq ft + home needed almost a total gut. The most was 70k to re-sheetrock or 10k to replace wood as needed. 

The other was 6-9k for removal  only, no rebuild. As I listened, I realized that properly protecting my own workers and disposing of the mold properly at a facility, I could save a few thousand bucks. I'm currently scheduling my contractor to do a walk through before I place a bid. Wish me luck!