Replacing the carpet in one room may very well be a repair when taking the entire Building UOP into consideration.

There is no substitute for being physically present with experienced investors.Let me know if you need any help finding other resources to help you get started!

@Blanca Wilson - Welcome to the BP community.Good question, but, this boils down to simply determining as a flipper or a landlord if your selling price as a wholesaler will be in line with the profit margin expected to support the physical structure for sale coupled with it's location. 

First thing you need to do is to learn the basics of real estate, understand the market, comp analysis to valuations, the economic and physical aspects of a property as well as legal and financing aspects. 

To add to what Jason stated, even with a Broad or Special coverage policy, unless there is PHYSICAL water damage to the floors (not b/c of high humidity) there still might not be any coverage.Well what was the outcome?

There is no substitute for being physically present with experienced investors.I'm always happy to help point you in the right direction for resources or tools on BiggerPockets that can help you with your REI goals!

Then I would get a professional ( perhaps from a store and get them to  look at the floor and give you a written opinion, knowing they might well be asked to testify later. ( pay them )   After you get it well documented then get it fixed or replaced and then you will have great pictures of the after floor.  

A day later XD@matthewAsk them why the soft cost is listed at 13.5 per lot.At 10 lots (which isnt many) thats 135k, which is massive.Also, ask them why the lot cost is listed at two separate rates, one at 25 per lot, and then at 17.5 per lot.if its a duplex, it should be 25 total.If their profit is marked on at a flat fixed, why are they making 35k per physical unit lot when they paid 25k for it?

You are in the state of investor Ron Legrand.Research Ron Legrandon YouTube.My suggestion if you are able to physically go to the owners' door, then a yellow business card in the door jam, or under the doorway is ideal (if you are not putting yourself in danger.)

I'm not sure specifically how that came to pass but their physical presence when they did exist wasn't in CO.