I'd use an approved underlayment.Pro Tip: If it's cheap, it's not good.....at least spend in the moderate range.

This is not correct. 

I have 23 properties in Kenosha and earlier this year purchased two duplexes in Racine.

This is critical for protecting yourself, your property, and your neighborhood.Here’s why:Safety Concerns:Skipping checks could allow someone with a serious criminal history—like a sex offender or violent felon—into your property.

For a select few, this can be true, but wholesaling is much harder to get off the ground.

Im not really sure how to save this deal...

I am guessing you like the numbers you see in Strawberry Mansion and Norristown (Montco not Philly) but do you know for a fact that at those numbers, you can do a full gut rehab and be at a number that will allow you to profit, and along the way make some sizable mistakes especially if this is your first project . . . 

Let’s swap some stories and tips in the comments.

Tim, this is great advice.

This was a high-end property that needed a lot of structural work How did you find this deal and how did you negotiate it?