Hi just bought house 1 and it does have some active knob and tube wiring, Was going to re-finish the house with new drywall, fresh paint, and floors before renting.

I remember the basement being very wet a moldy and electric needed updated ( we have a lot of knob and tube wiring in Pittsburgh) The 2nd floor unit only has one form of egress so I believe you would need to build a fire escape out back ( can just be wooden deck and steps) I believe there is already a deck) That and the structural issues and there’s a lot of brick that needs re pointed and some fascia work.

@David DenzyI watch a lot of investment joys channel on you tube and he got a bunch of trailers from a park being demoed.

When I walked through, the house no longer has any of the plumbing (galvanized steel) and none of the old wiring knob and tube, and actually is a blank canvas inside still would need to be built back from the studs to a five unit.What am I missing?

Any Knob & Tube or Aluminum Wiring3.

Some other items to look at that may limit the what Insurance companies will write the coverage:- any in ground tanks- any knob & tube or aluminum wiring- FusesGood luck with the project

At least you're not dealing with knob-and-tube, but there still may be issues getting the place insured.Now about size -- this is a big building -- I've never seen a purpose-built 3-bedroom over-under here in da Burgh.

The only problem is a crumbling foundation, 4 layers of shingle, knob and tube in the attic, or sewer lines that dont meet code, but after rehab the home lists at 260k.I cant figure out how these flips are passing inspection, other than it's all about keeping the money wheel rolling.Idaho is a buyer beware state, so it's on the buyer to *do their due diligence*.Is it like this everywhere?

A great source of info on this is Mark Kohler from KKOS Lawyers and Accountants on your tube.

EPDM roof is a thin rubber-think bicycle inner tube. 20 year roof.