Chip all th elose parg off and redo.

Maybe tell them that their real estate agent and the house inspector should chip in, since they all made money off the deal lol.

Start chipping away at it, and learn while you earn.

I figure if I could consistently chip away at something that makes extra income and just save it all then I could put something together in a few years.

The only thing you can do is determine your criteria, try to understand the sellers needs, establish rapport with the seller and their agent, and let the chips fall where they may. 

We are having a really hard time getting a conventional mortgage though because we are self employed and started our company (Chip Cookies if any of ya'll have heard of it) only a year and a half ago (everyone seems to require 2 years of tax returns for self-employment).

I hope you and your buddy have been chipping away at that flip, best of luck. 

I'll be helping them as much as I can and if you chip in too, that would be outstanding!

That said, so long as there is not paint chipping off the walls or broken / exposed Sheetrock, there shouldn’t be any issue.You are required to provide your tenants with documentation regarding warnings for mold and lead paint when they move into the unit.

If it isn’t clearly on your property, you shouldn’t have to pay for it bit I’d also weigh the risk of having it fall and doing major damage versus just chipping in a bit to get it handled before any damage is done.