The interior looks decent with only cosmetic rehab needed, some appliances changed, new floors, and a re-tiling of a couple of bathrooms.

The bank wasn't allowing interior access, but I was able to talk to some of the neighbors as well as the previous owner, and found that this home (and the subdivision) was badly damaged by the floods.

The loan included a portion of the interior rehabs (80% of what we forecasted for the first 12 months). 

.: If I buy a Cadillac manufactured home and a Chevy modular home the HUD Code home will be a better house because of exteriors, insulation, wall thicknesses, interior finish and fixtures.

@Lara Fobian I’ve used exterior paint on interior walls to seal the smoke and smell to the plaster or wall board.

She did give me some details regarding the roof, but was pretty vague regarding the interior.

And if it is peeling, about how much does it usually costs to scrape and repaint the entire interior of a 1000-1500 sq ft home?

I’d imagine you could do the bolt, bracing and cripple walls (basically plywood bolted with lots of screws to the interior walls) for under $10k.

condominiumA type of ownership in real property where all of the owners own the property, common areas and buildings together, with the exception of the interior of the unit to which they have title.

Is there an opportunity to upgrade the interiors in order to raise rents?