I used to look at the big commission fees and think I was getting ripped off.  

Ripped out the carpets and put in new laminate in both units.

I had a nice talk with the State of FL investigators and they refer to these people as VICTIMS that get ripped off by these unlicensed broker FRAUDS AND SCAMMERS.

My parents in their older age require yearly cash flow, while I, as a young whippersnapper, could go on eating ramen all year if it means a big IRR rip when my condo project finishes next year.

From the pictures, all the equipment has been ripped out and looks like a "clean slate" inside.

What I dont know is, what all could go wrong, and how could I, or someone, be scammed or ripped off in one of these types of deals?

But to take those off now, to rip out good walls to remove ~19SF of lead painted board which is as securely encapsulated as possible--I don't think that would be a good idea.It's an interesting subject.

If you wanted better performance, you should have been more careful in your selection of property.The fact that your PM is spending the time to explain this to you tells me they're not just a rip-off company.

My main concern, as this will be out of state, is to not get ripped off by contractors and understand what needs to be rehabbed in order to improve the value and how to even estimate ARV accurately.

For example, if the stairs to the attic are too steep or narrow, they'll need to be ripped out...that's major structural work...thousands and thousands of dollars.And for what?