A little dated perhaps but they are located in one of the best places in town and otherwise very attractive. 

You’d be shocked by how little actual screening many PMC’s do!

Is so - what are the chances to get permits to build and what would you estimate the cost to actually get the land ready to build (water delineation, mitigation etc..)?

Never flipped before.If you take out a HD loan and say your construction estimate comes in at $100k.Eventually the actual estimated construction costs only cost you $90k.When you take a draw does the bank give you money based on receipts/invoices?

It might be interesting if you actually invested MORE money into it and make significant improvements.

Has anyone actually done this and lay out the cost / benefit?

NARPM actually has people at the state capitol as well as in DC fighting for your rights not the tenants rights.

Actually, for the good of the group I'll post this here.

Your PMC is recommending the path of least resistance, because mold claims could be VERY expensive.Also, many insurance companies will NOT cover mold issues.So, call your insurance agent and see if this will be covered or not.At the same time, direct your PMC to get a professional mold test done to determine if there actually is a problem or the tenant is mistaken or exaggerating. 

She actually saved me from messing up big time.