1st Time Investor Here... Would love your thoughts on this property. Thanks!

[Diana Nolan]

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[Mike Hasson]

Quote from @Diana Nolan:

Thanks so much for your feedback, Ernesto! I'll look for some contractors in the area who might be able to give me an inspection and bid.

As an inspector, I may be biased, but I'd recommend a third-party inspector for the inspection, and then bring that report to the contractor for the bids. It can be advantageous to have a report written by someone who's paycheck is not dependent on extent of the findings. I'm not saying they will be dishonest, but we're likely going to be looking for different things. The contractor may want to give you a beautiful kitchen, while your inspector is there to make sure it's safe and correct - Different perspectives for different purposes. 

But many investors skip the inspection and do the contractor bids like you said, but I'd be willing to bet that those are experienced investors who already have existing and trustworthy relationships with those contractors. I cannot recommend that approach if it's your first investment, or if you don't already have a good working relationship and history with the contractor giving the bids. 

And I doubt a contractor will be crawling through crawlspaces or attics just to come up with a bid on a home you might not even own yet. How much will you paying the contractors for these bids?