Is there still a time period before finalizing the deal to inspect the property (by an inspector) and get bids from contractors to determine the rehab cost?

I've also got a small bidding war on a bank owned flip that I'm crossing my fingers I get anytime now... 

Hey Arturo,Some usual pros; Can be below market value, Can be move in ready, Some usual cons; May need tons of rehab work, Might be bid up to above market value, Might be a common foreclosure area.These are a few.

The key lies in selecting decent properties to bid on.

If the offer is accepted and I'm in the option period, I need to find a home inspector and I need a contractor to make a bid.

That said, based on the info provided, and being in So Cal myself, I would replace them all, reframe the Arch out to rectangle keeping the largest opening for light and view purposes, and get a bid on several window manufacturers for best pricing.Design and quality of your finishes will play a big role in your exit value.

Looking for 2-3 more contractors to join the team to go give bids and fix what was bid on in Akron Ohio.

A really good rule of thumb is $20-25 a square foot for rehab, then add costs for roofs, 3-5k, hvac 3-3.5 k, blow pipes, 1,500-2,000, foundation 1-30k (harder to determine when starting, but you can have guys give bids).

My husband and I are seeking contractor bids to renovate our first buy-and-hold duplex, which was built in 1918 in Norfolk, VA.

Would like to know/hear from anyone who has bought tax liens from the city of Chicago, IllinoisFrom my research it's a bid down process starting at 18% and IF successful the home owner has 2.5yrs to pay you your principle and interest.