@Faraz Tariq this is always an issue when you acquire these types of buildings that aren't set up correctly from a mechanical setup. 

Each one of those is different and requires different things.As for the other questions, inspections are like any other building, but I would concentrate on mechanicals and the roof, especially if it is low pitch or flat.

I am about to start my first flip, and had done research into what to do if a mechanics lien was filed against my property.  

I'm 23 y/o guy, working as a diesel mechanic, I'm making about 50k a year from this and also I'm flipping cars on the side that makes me around 20k a year as well.

Does anyone know of a networking group in Los Angeles/Orange county that you would recommend to take part in that places emphasis on out of state investing?

Presently, our main focus lies in discovering the ideal match for our endeavours, with a particular emphasis on North Carolina, (Charlotte & Raleigh) .

Now if you were a mechanic or an electrician things would be different but your not so the passive route is what you should be doing.

AITD  "all inclusive Deed of Trust" Deed of trust can be substituded for Mortgage.. they are basically the same thing. but if you can google that doc and read through it .. it will help you understand the mechanics of a Wrap.

Some investors will use (and markets will command) 15-20 years for a roof and others get 25 (or more) years, some get 10 years out of HVAC and others get 15, 20 or even 25 years...and pay $2,500 for full replacement (inside and outside) versus twice that amount, some investors/properties/markets require structural or mechanical replacement in 20-30 years where others get way longer than that, some pay $300 to paint a full interior unit (trim and all) and others pay thousands (not cap ex but you get my point), some need to replace cabinets every 20 years, others can be painted and last twice that long (or more), some investors pay $1.00 per sqft installed for flooring and others pay 2-4x that amount...the list goes on...huge variations by asset class, market and investor.  

Mechanicals completely updated.