The final test is called a "swab test" and they come and take X number of swabs and swipe them on surfaces throughout the unit.

We got the inspection back today; the issues are as follows: mold beyond the surface mold we originally noticed when checking the house out, wood rot in left side floor, damaged roof joist, poor ventilation in the attic and mold, many of the chimney bricks are loose, standing water in crawlspace--potential mold, leaking shower and toilet leading to damaged floor/ceiling underneath, plumbing material issues, electrical not all properly grounded. 

For my part, i let the hot summer day passs and call in for a moisture cleaning for 640sqft on surface between the roof and cost me about 2700$ but  that was the only major concerne for a  1970 bungalow.i would pull the plug depending at your lvl  of repair skill 

Most sellers are going to want some money to show you have skin in the game and for their own personal cash flow.here's an example of what a seller wanted after approaching me and an investor buyer:Rental property. hi ranch with a basement. 2 bedroom 1 bath on both floors.

I found this duplex, which seem like a decent deal on the surface, but how can I turn it into a great deal. 

You will need to have some funding though, as they prefer you to have skin in the game.

This may not work with a bank that may require some skin in the game.

Terms below.Purchase price: $150KRehab cost: $100-$125KARV: $425K-$450KMy Skin in the Game: $30KPartner: $270KProfit split:50/50I am working with a private investor and structuring it as a equity partnership.

Please do not hesitate to ask any questions I have very thick skin but I Believe everything is a lesson and I learn from anything given to me.

The unit is now completely paid off.In the last year or so, several issues with building have been surfacing due to long-term neglect of previous management companies and the original developer/renovator (in 2006).