Assuming you disclose the issues and a structural engineer gives you a letter saying place is structurally sound, then you should be able to process as you wish.BUT, don't cut corners when it comes to safety.

But if you want to read a condensed version without all of the intermediate side questions and "wow, thanks for posting" of the forum and just cut to the chase, you can buy the book and just get straight to the commentary free info. 

Pipes arent a problem as long as you don't hit them when you cut holes in the floor.

We're working on combination keyword alerts and hopefully we'll have that working in the coming weeks to help cut down on irrelevant responses for folks.

I do recommend you get your license - it's not expensive and well worth the extra bonuses you get but it's to necessary.Real estate brokers (who own brokerages and have realtors working under them) will frequently steer you away from wholesaling because it cuts them out of the deal - they don't get a cut of a commission because there is none - you're acting as a principal in the transaction. 

Banker, Private Lender/Hard Money, GC, etc.) whether or not you call it partnering or not....they will still take a cut of the profit on your way from purchase price toward After Rehab Value (ARV) and thus share in the deal. 

For example, if the contractor bid a house at 10k, suppose I cut a deal with that contractor so that they get paid 10% of the bid.  

(By the way, I am also a Realtor, so I don't cut other Realtors any slack).

My primary objective is to help Individuals and Private Investors earn Above Market Returns on Passive Investments, that are Doubly Secured by Real Estate Equity and Positive Cash Flow, while focusing on Capital Preservation and Wealth Creation, over the medium to long term.I came to join BiggerPockets because I always have this Burning Desire to Expand my Model of the Universe, stay on the Cutting Edge and be surrounded by Like-Minded Professionals.

Such properties often turn investors with good intentions into slumlords, cutting costs increases profits but later on it can cost you in various ways, city officials, legal issues, insurance can go up, quality of tenants goes down, a property can become a liability.