For further context, this is an off-market lead, so I'll need the agent to walk the property, and as I mentioned I would like expert opinions on what rental-grade finishes would be appropriate for the area to maximize value.

I don't want it all to disappear making improvements to this property, but I have the comfort of knowing it's there. 

The stairs to the basement were also not to current codes and didn't meet my vision (even tho they might have likely been grandfathered in) as I would not feel comfortable having a tenant using them (maybe would have to lock that door off asking a tenant to not enter).

What are your goals and what are you comfortable doing?

@Andrew ScheuffeleI’m currently partnering on a deal with some close friends and family as I’m just starting out and I’m more comfortable with that.

I feel comfortable I can analyze deals and close them, as ive done the smaller ones and have read enough about the bigger ones to have a good idea of what I am getting into.

It will also save you money on closing costs and allow you make more as a wholesaler.IF for some reason you aren't comfortable with your seller knowing your profit, or your buyer knowing your profit via the assignment, then you can double close. 

So far, the vote is pretty split.To assess how I would feel most comfortable voting, I had requested a financial snapshot of the HOA so I may see how much comes in and how much goes out.  

@Elias Barend Westhof as long as the price reflects whatever risk you are comfortable with move forward.We've bought two properties already with the same issue, with huge discounts.Regarding the past for rent, it depends on what you negotiate in the purchase agreement.

@Bruce Woodruff- Architects can do structural scope as large as they are comfortable and allowed by the  jurisdiction.