Besides the other good suggestions you received I would get a professional moisture meter (not a cheap 2/4 prong surface meter) to determine moisture levels throughout the house. if the water damage is just localized you probably don't have a bad situation

Most people won't do this if you have no skin in the game.

I'm working in commercial real estate but I'm personally looking to invest in flips (with my own proceeds and other people's money) locally here in Los Angeles, and for now, stay with what I know: homes or duplexes th...

These are interlocking tiles that can be installed on any type of flat surface, water and sun resistant.

For bigger proposals I've included the "equity contribution" to demonstrate I get that we have to have 25% skin in the game.

The simple answer is " You Have To Have Skin In Your Investment".

As youll be finding out for yourself, theres more than one way to skin a cat when it comes to real estate investing.

Tell the seller you want every wall opened up for damage inspection,a full extermination procedure,a through cleaning of every surface,and complete repainting of the interior.

It's no skin off my back, and it provides some extra income, all while giving me a leg up on my investing competition.

From what I understand it basically involves getting rid of or cleaning any fabrics/carpets, then cleaning all surfaces, I think the cleaning solution is called TSP or something like that.