Once they are done, demo should be easier / cost less. 

Brandon this is about a 7-8 mos. project for us - to flip the entire building over and renovate it and get it back online with new tenant pool of occupants - I renovate as many as I can simultaneously, just set it up like a conveyer belt and move through them in sequence:*Demo team - remove all old fixtures, flooring etc, cut out all tile in whole sheets - then they set the new cement board and get the drywall hung and taped, set the new plumbing rough-in valve*Flooring and Tile team follow - get that installed with the new shoe mold on the perimeter*Painting team follows*Finish team returns for all fixture and finish install - *Painters complete touch-ups if needed *Cleaning team - BOOM!

Your deal could be far better (construction started) or even worse if the city comes in and makes you demo non-permitted work.

I actually had him place two offers for me but on one of them the owners decided to demo their home and the other one was already sold.

Apparently it was the son that had orchestrated the demo of the house.

Very Distressed home needing to be demo, and wanting to build a duplex ground up.

Also demo of certain walls.

You can save money if you demo what's there yourself and do anything else you can, but if you contract everything out you will be more than the 100k especially with having to invest in all new utilities for one of the doublewides. 

If I put 20% down a property (20% ownership) and I default on my loan then I will lose a lot more than if I had only put 5% down on the property.For our demo property we see that the Gross Multiplier is quite high (17.05) and the Cap Rate is 3.73 (I don't know if this is the market rate for this area or not).

Hi Larry, if you are not doing the work yourself, my suggestion would be to contact a local mold remediation company and have a conversation sending the pictures to them, most investors just hire demo crews with proper gear to do the work and use the mold remediation estimate as a negotiation price point.