Little knowledge is dangerous, with that said, I will not waste time shouting at one's ear who obviously only wants to hear things that's pulled from the air.

@Sharath Kumar the pop corn ceilings could be a major problem along with any texture on the walls if they are asbestos or lead containing. there is no way to do it your self in Colorado both the removal of asbestos and lead are highly regulated by the Colorado dept of public health's air pollution division, it would be really dangerous to attempt to do this type of friable removal in an apt building because of the shared air systems used in the 1970's you could  contaminate the entire building with asbestos fibers or lead dust.

Your insurance might not cover a garage fire/explosion spreading to the attached house, and the heirs will be on you for his wrongful death.

Very dangerous and a threat to both his health and the overall "health" of your property.

Ok.....Year one of flips is coming to an end (kinda of...) and it started great and it continues to move in the right direction.....Now comes the really fun part of the business.....Rentals....Just like when we started, we knew nothing about flips and now know enough to be dangerous....Would love to have some input on things we should know, ask, etc as we move into our first rental property....Working on making an offer on our first as we speak and here is what I know so far...Property asking price: 129kType: DuplexAlready have tenants and recently signed new lease agreementWhat are some of the items we should look into or better yet, not miss as we go thru this transition.

LOL... the gist of the thread and chime in from all the top TK company owners on BP revealed how dangerous their model was ( those particular assets) how they have no real experience.. and other things that just did not ring true.  

Doing business with family is a dangerous proposition.  

@Jeremy Geyer The BRRRR can be a dangerous strategy, if one does not consider the Big Picture and potential negative ramifications. 

The rest is ensuring that there are not other dangerous conditions in the home, such as soft floors.  

They have been reported in our newsletters and in meetings as we become aware of them.I choose to do some posting here because I believe it is important that the mostly smaller operators that read and post here need to be aware that "flying under the radar" is a dangerous choice.