Best up call that state's real estate governing body & double check. 

An HVAC guy could also tell you if a double walled thimble (a pipe in a pipe) could correct the problem or if attaching noncombustible material to the floor beam would be able to solve it.

At this price I'd probably buy it and sell it on a note for double what you paid for it.

BP community,I'm looking at getting into my first rental property and have a duplex I'm looking at and ran the numbers and wanted to get another set of eyes on the deal.The information is on the below linkPrice - 195K...

Also most real estate agents do not know accurate rent rates double check the numbers on the first house they may be better or worse than what you have been given.

The comps for example said a 2/1 960 sq ft home (same type of home we were also trying to purchase) was selling for lets say $560,000 and we were purchasing that property for $242,000 but when we went to look at a comps the MLS showed the same 2/1 1000 sq ft home was actually already rehabbed to over double the square footage like 2200 to 2500 so my comp was not actually correct for my purchase.

Looking for title company in Monmouth County, NJ that will allow the use of transactional funding for double closing wholesale deals.

If I have a handyman that works so fast and does quality work that most other people pay 4 people for his output (I pay him double).

The sponsors I work with have provided double digit annual returns to their investors- better than most of us can get on our own in a long term hold.  

Side note: double-check with your lawyer; we're just internet yahoos.