Even an old pad that is calcified will not allow proper moisture distribution into the airstream and waste water.

BUT, despite my desire to get started, I chose to put on the brakes and educate myself, to forego possible short-term paydays in favor of long-term risk mitigation.

Currently the property has 2 tenants paying 775 for each unit = 1550 one of the tenants will vacat once I take over the property , va allows 60 days once I take ownership to move in so the mortgage brake down is below For a 30 year fixed with 4.5% rate you’re looking at the following monthly: Principal and Interest: $430.68Insurance: $85Winter: $3.58Summer: $161.75Total: $681.01Benjamin Allen So at 775 - 681.01= 94 positive cash flow and the live for free , then I'll move in a year do the same thing Matt Castle the roof is 4 years according to the sellers discloser agreement and the other big ticket items will be part of the inspection right ?

That means, if you don't make any estimation mistakes on labor, you just pocketed the money that was used to pad your budget in case you made a mistake. 

This means tearing out the carpet, pad, vinyl, etc.

Early this year, I am once want a Tesla P90 - I like the "red" disc brake which kinda cool. 

Slam on the brakes and stop the deal if you still can.

Down the road after a few flip deals I will probably do more work myself to pad the equity and use those as deals as BRRRR's.

HVAC units need replacing all the time... toilets and pipes be a braking, all the time.

this is timely I am sitting in my son in law and daughters 2 million dollar pad in Vegas... while I work on my townhouse I own my townhouse free and clear...