There was too much structural damge as well as cosmetic damage.  

What can be a good motivator or role model for pushing forward and to be as knowledgeable as possible in all the areas REI requires from Nero-linguistics to Networking to Hammering a nail to dress to impress, well you name it!  

This is my personal biggest falling with my web site.The rest is window dressing, in my somewhat humble opinion.

Once everything in a property is fixed, you don't have to worry about repairs that much anymore until the next bad tenant come along and causes damages. 

Spreadsheets will tell you what to do from there.As for the PM....yeah i'd replace them too.        45k investment plus maybe 5k in damage/treatment isn't a horrible deal.   

The previous owner used it for illicit activities, and was a general menace to the rest of the owners and tenants.The bulk of the work is in the bathroom, with water damage to the sub-floor, and a bathtub shower combo which was full of mold/mildew.

The risks I can think of are theft, vandalism, damage during construction, injury to a worker.

That's the minimum acceptable condition of the property that HUD requires before they allow the lender to convey the home over to HUD and pay the (mortgage insurance) claim.A lender may have their field contractor go out to get the property ICC only to have it vandalized, stripped, etc, then they have to get new bids and fix new damages.

These are important, because you need to protect your investment from further damage.  

They're probably in distress to be calling you, so you playing games with their finances like that can do some real damage if you don't perform under the terms of your contract.Btw, I have to agree that wholesaling is simply brokering without a license the way it's being taught in some places...lots of people with no education trying to flip with no money, no experience, no knowledge out there muddying the waters.We all gotta start somewhere I guess, but man they've distorted what wholesaling is to sell books and courses IMO.