They weren't the fully gutted/rehabbed properties Clayton so often talks about (and has a video of on his Facebook page of) on his podcast with his incredibly reasonable sounding and soothing voice.  

It's been gutted and rehabbed but doesn't have air conditioning (or a swamp cooler).

My gut tells it's contraction instead of expansion but is that balanced but not carrying any debt service?  

You should be done with the rehab within 4 months, unless you're doing a full gut and inspections are being a problem.  

I've always had an itch for "flipping" stuff, but never the guts to go large.

For my questions below, imagine a vacant house of 4 years with roof damage (so expect drywall damage, mold etc)Wholesalers - If you have a house gutted and down to the studs and bones, are your investors more hesitant or less hesitant to buy than if the walls were up and debris scattered around?

Most of the experienced rehabbers I know are paying $75 per sq ft on a "gut out" and $35 per sq ft for a cosmetic rehab.

The $30,000 project was lead paint everywhere inside and out so I ended up just gutting the inside.

This is in a college town so the initial instinct was student housing.

I'm asking for opinions on the matter, especially from an appraiser's or loan officer's perspective.I've been told that the bldg I'm having to basically fully renovate due to a fire (it's currently gutted right now) won't command an appraised ARV above $500k due to the town it's in.