Then there's other factors to success especially in a heavy lift like this, some of the most important in my opinion are Being on site regularly to manage the contracting processHaving a lot of cash reserves - 'a lot' imo would depend on how thorough your current bids are and how old the property isYou mentioned it's bleeding cash now, whatever your timeline is for the property bleeding I'd double it and see if it still makes sense. 

The price of the service depends on the exact scope and how thorough you need them to be but I would budget $200-$400 based on my experience with cleaners.

Always conduct thorough due diligence before investing.Let me know if you need any more information or assistance with your flipping strategy.

Thanks for the thorough response 

Mitigation Strategy: Provide thorough financials: Investors should be ready to present strong financials and demonstrate steady cash flow from existing tenants to reassure lenders.

Some may disagree that investors should be contingency free, but having a thorough inspection will at least give you peace of mind that the property is in good working order.Good luck!

That's good, if the water isn't running you can go ahead and start doing the work but I would thoroughly document the damage to go after the owner with, at least threaten with a demand letter. 

However, consider:Higher debt and monthly paymentsIncreased personal financial riskPotential need for personal guaranteesAdditional Advice:Conduct thorough due diligence on the property and local marketHave contingency plans for various scenarios (e.g., lower Airbnb income, longer renovation time)Consider professional property management to reduce your workloadEnsure you're compliant with all local laws and regulationsFactor in potential capital gains taxes or other tax implicationsRemember, while the potential returns look attractive, real estate investments always carry risks.

To overcome these challenges, many borrowers focus on building strong communication with lenders, providing clear and detailed exit strategies, and ensuring thorough due diligence on the property.

Look for cracks in the foundation, walls, or ceilings, as these may suggest settling or shifting.Additionally, keep an eye out for pest infestations, particularly termites or carpenter ants, which can cause significant damage to wooden structures.Lastly, be aware of environmental concerns such as radon levels and underground oil tanks, which can pose health risks.Having a qualified home inspector conduct a thorough evaluation is essential.