However, I ran across a few posts here on this site that assert that this practice is in violation of predatory lending rules with severe consequences.

Especially now that I have actually done some of the work that I will be contracting out and have a better idea of what the work entails and what a good job looks like.

Some people enjoy flipping and all it entails and others really just do not get into it.

I completely disagree with this assertion.

I should amend my statement to entail only having the property in pristine.

C- you need to consider a host of other factors: tax implications, liability, qualifying for loans, property appreciation, etc. after you consider those, if RE still seems like an option, I'd look at possibly acquiring a quality assert in your local market of Denver.

Be assertive and make sure you are winning.

@Shawn Lewis W Fayette not Fayetteville. mitigate lead paint = eliminate it = no more lead paint. usually entails ripping/encapsulating window/door/base trim/windows/doors....maybe banisters/railing nonsense.

A 1031 is possible, assuming you held the property for investment, but the IRS would assert you didn't hold it with the intention of investment, if it was a flip.I would be happy to answer any other questions you have, if you drop me a note.  

I have no factual basis whatsoever for this assertion, but I think something will hit consumer confidence and slow things down since there aren't any real systemic issues that anyone has found.