Knowing the basic lingo will also help when communicating with sub contractors and other service providers.Lastly, building a quality team of people is of vital importance.

HI ChrisAfter doing this sort of work for 32 yrs FL code has hight restrictions if you wish to fit anA frame roof check with building officials first, and that would be the expensive way plus you still have insightfully ceilings. the roof beams are undersized or to wide on center i think the best thing to do is lightly jack up the old beams and sister it with new ones to hold it,s shape if the sag is over 2" you will need LVL,s as for the roof remove old layers and fit ISO foam board and layer it higher on center so you have a peak in-turn water flows off most off all you don,t have snow loads in FL to worry about as for wood rot check the sill plates first or have a professional put hands on to advise hope i helped you      

I can't think of exactly how the quote goes but it's something along the lines of "If you pay a brick layer by the hour, he will work a million hours.

Not to say you can't find deals but by the time it's hit Zillow it's probably already gone through a few layers of investors.Best of luck!

·Know What You WantWhether first time investor or experienced mogul, it is vital that you evaluate what it is you want to buy and why you are buying it.

I stopped buying houses built before 1940 for several reasons:They are usually full of lead paint.I don't like wet plaster or lathe.The foundations tend to have problems.Often, there's cedar shakes under 2-4 layers of shingles.I want nothing to do with steam heat.

It is vital in our march toward freedom to be able to jump on those opportunities at a moments notice before all that prosperity slips through our fingers.

Reaching out to a broker or lender is vital in understanding how to qualify, and the general logistics of the real estate industry.

It can be expensive, but it's another layer of protection that people rarely talk about.

Obviously, there is some vital info missing from your post to properly qualify this property---but if you are already thinking of what to do with it--it must be a win!