I just used tape and joint compound on paneling on a old rental I have , It was 1 wall about 12 ft , I taped the seams and skim coated the paneling , it looks OK , I wasnt going for great , just Ok .

Ned - thank you - I skimmed thru that link earlier.

If you have an ambulance chaser they might decide it isn't worth putting a ton of time and effort into figuring it all out while working on contingency on something they know is pretty BS and hope to milk a settlement to get them to go away.

We went to court over it, they filed delays and appeals, and delays and appeals, and after milking the companies dry, they quit paying bills, and filed for bankruptcy.

Would a corporation that skims profits off the top of their sub contractors be in the re-modelling business? 

A lot of gurus teach about the sandwich lease option but have you thought what you're going to do if the seller file bankruptcy or refinance and the due on sale clause and what about rent skimming, and now you could get sued.

.: Some more winners 12) Insurers-decreased chance of an empty house being broken into by copper thieves or other vacancy issues. 13) Building supply stores- Will sell additional materials to the end buyers who are improving their home. 14) Private mortgage insurers (if there was one involved) will not have to pay off on a foreclosed property.15) almost all concerned can afford to buy some ice cream from the ice cream parlor16) Farmers benefit by selling more milk for ice cream17) Farm subsidies go down18) Government debt is decreased19) Credit to China is easily repaid20) China's influence is then decreased on the world stage21) Japan decides to take islands in the Gulf of Japan that are disputed22) War breaks out between Japan and China23) The US enters the war due to Japan's Treaty as allied forces24) China sends a nuke over and takes out Dallas25) The collateral is destroyed and not insured as it was an act of war.Laughable justifications in doing the wrong thing won't change anything, eventually it can lead to your destruction, might be sooner than later.

Equity Stripping/Skimming something new and here is what I found for the state of Florida(Please Tag K.

I have no background in real estate investing beyond a few books I skimmed but am very eager to learn.

I agree with J Scott as well, I skimmed, but I'd not give contractors names and business numbers until after closing, that would be nice, along with any warranties.