Help Me Make an Offer on A Home with Fire Damage!!

[Dylan Boesch]

Hello BP-

Making an offer on an REO in Islip on Long Island, New York. The second floor has some fire damage, but the ENTIRE house needs to be gutted including all the walls, floors, and ceilings throughout the whole house. Even the parts of the house without fire damage are totally destroyed. I'm sure the whole house will need new electric/plumbing, and a new roof, so I wasn't too concerned with the fire damage because everything has to be ripped out and replaced anyway.

I am just wondering if anyone has specific experience with fire damage remediation. What do I have to look out for? Do I need specific permits? Are their specific risks? Will insurance be more expensive? Will there be a more stringent inspection after the work is complete?

I basically want to know if this will take longer/be more expensive then a regular gut rehab- 

Thank you all in advance