You can sometimes pick up properties around that area for the same price as a downpayment on more expensive homes but brace for extensive rehab if you go down that road.

@Quincy Smith I would just be honest with him,and ask for a extension

I wanted to get my feet wet and saw the potential for growth in the short and long term with nearby transit (Commuter Rail Station and discussions of the future orange line extension), bars/restaurants and Target was developing a small-format urban store within walking distance.

Needed an extensive cleaning, new paint, and some unplanned maintenance.

Needed an extensive cleaning, new paint, and some unplanned maintenance.

Builder's Risk policies protect the building when it is under extensive construction/rehab/remodel. 

Also, with short-term flips (not 12-24 month extensive remodel but 3-6 month flips), the chances you'll be stuck with a house you can't sell when the recession hits is lower.9.

How much your remodel costs depends on a whole bunch of factors, including:Where you live.What room you’re remodeling.How extensive the job is.How many and which professionals you’ll need to hire.The materials and finishes you choose.You can use a resource like the Remodelling Calculator to get started, but the more accurate your estimate is for your remodel, the better the chances of staying within your budget and avoiding unhappy surprises.

I imagine they would need to get extensive air samples. professional mold test may cost a few hundred bucks. 

Looking for strong recommendations for Mobile based Property Management firms and Contracts (minor work and extensive).