Our plan is to totally gut the house removing all the dated wood paneling, kitchen cabinets and bathrooms.

For some people owning a brokerage is the right dream and goal, for others just the thought evokes a 'run screaming through the woods' reaction.

Is there dirt touching the wood joists? 

I have 2 other properties in my sights, but need to buy by the end of 2020. 

Any agent who lets a wholesaler with NO intention of closing tie up their listing should be taken to the wood shed.. 

It is expensive to repair pet stained wood floors.

Ask them, Ill bet they have been planning to purchase something in the next year or two then the interest rates are so low even with PMI your still a head.To anyone in this forum - Never lose sight that people’s life situations change always do the right thing for both sides.

I've been having issues with bigger pockets changing the formatting so I appoligize if it is hard to read:I can give you some general info on insuring the property:Here are some things to lookout for from an Insurance prospective:1.Any in-ground tanks (active or inactive)2.Any Knob & Tube or Aluminum Wiring3.If built before 1978, does the building have Lead Safe certifications4.Any wood stoves or secondary heating units.

Also in our last meeting he stated that cost of wood has gone up 10-25% and that he is unable to do the project without more cost for me.

@Jake Wood congratulations!