New windows and doors, new kitchen, updated bathroom, new HVAC, new flooring and paint and finished the attic with flooring and heating/cooling.

The wiring is probably knob and tube unless it's been updated over the years.

If your intent is to go ahead with the purchase how do you get around the inspection fee...another words do investors as a regular practice PAY an inspector to inspect the property even though its not really yours yet ...and may never be??

I can foresee him arguing it's '99% done' or 'no you don't need to update this or that'Moving forward, I am doing the following immediate actions:1. 

This can be hard to manage if you have a larger property with a regular size washer.

New windows and doors, new kitchen, updated bathroom, new HVAC, new flooring and paint and finished the attic with flooring and heating/cooling.

I go and stay at my STR a few times a year to check in on the property and make updates or repairs where it is needed.

Once you become an experience flipper you can also get better terms when it comes to hard money especially when you stick to using your regular lender.

Update: I decided not to go on with this deal. 

You need to sign a regular purchase and sale agreement with an assignability and marketing clause with you as the buyer.