This may involve hiring licensed contractors and obtaining necessary permits2.Address structural integrity, electrical systems, plumbing, and potential water damage from firefighting efforts.Insurance Considerations: A history of fire damage can affect insurability and may lead to higher insurance premiums.

This should be outlined on the formal quote, but most will have origination points and an underwriting fee (this is also referred to as processing or service fee too). 9.

Never be afraid to bring up and discuss any and all downsides so that you and your partner are both aware of each other's though process on one-offs.Hope this helps!

I realize there's no way to capture everything, and learning is a continual process, but it feels helpful to me to have a working "cheat sheet" of information to study and reinforce important concepts.

I've been wondering if I should become a real estate agent and start the process of getting my license at 18?

only if it doesn't work ha    Lots of great feedback and advice here all comes down to your values and after that your goals work on those first to slow your process down and really get clarity on what you are actually trying to accomplish.   

@Devanand Ramachandran It sounds like you should hire a local property management company that specializes in the area and property type.  

While we normally don't hire inspectors for rehabs in this case you may want to have a licensed electrician, plumber & HVAC check all of your systems.

Who has the best terms and who processes quickly, my neighbor is selling soon and I want to pick it up before it hits the MLS.  

It's crucial to ensure thorough screening processes to safeguard against such scenarios.