The final test is called a "swab test" and they come and take X number of swabs and swipe them on surfaces throughout the unit.

We got the inspection back today; the issues are as follows: mold beyond the surface mold we originally noticed when checking the house out, wood rot in left side floor, damaged roof joist, poor ventilation in the attic and mold, many of the chimney bricks are loose, standing water in crawlspace--potential mold, leaking shower and toilet leading to damaged floor/ceiling underneath, plumbing material issues, electrical not all properly grounded. 

For my part, i let the hot summer day passs and call in for a moisture cleaning for 640sqft on surface between the roof and cost me about 2700$ but  that was the only major concerne for a  1970 bungalow.i would pull the plug depending at your lvl  of repair skill 

I found this duplex, which seem like a decent deal on the surface, but how can I turn it into a great deal. 

The unit is now completely paid off.In the last year or so, several issues with building have been surfacing due to long-term neglect of previous management companies and the original developer/renovator (in 2006).

I put pretty 3x6 white subway with raised “panel” surface in my most recent flip and they sell 1 SF ready to tile sheets of plain 2x4 subway for about $2 psf on mesh.

Hi there, I would like to understand the deal flow better - it seems pretty straightforward on the surface- but wanna know more details.My situation - I have a few long term rentals that are slight positive cash flow.

House was sitting vacant for over a year, had some surface mold in the basement that scared everyone away, and we swooped in and bought the only thing we could afford at the time.

On the surface this opportunity looks to be a dud. 

@Giannina BialaWhiled a sibling is not a disqualified party on the surface, the translocation can very will be challenged as a step transaction. https://www.irs.gov/retirement-plans/plan-particip...https://www.irs.gov/retirement-plans/retirement-pl...