I would have the ducts cleaned, furnace/AC system cleaned as much as possible, change the filter, and then run an ozone machine with fans set up to circulate the air for 48 hours.

Your goals and perspective and mine are geared towards highest possible success, whereas most of the people on this site just want to flip a few properties here and there, or get cash flow units to achieve a more financially stable life.

Hey guys, I'm trying to figure who the active investors in the Birmingham area, who my resources, and who my possible mentors could be.

There are always closing cost (escrow fees, home inspection fees, appraisal fee, lender origination fee, possible lender points, etc.).

I then plan on purchasing as many cash flowing properties as possible while preparing to dive into my first flip towards the end of 2018.I look forward to networking with you all!

I know it's possible, you just have to shop around.

I'm trying to determine if it is worth my attempting to fix the foundation (and possibly adding an in-law via garage conversion) or selling "as is" for a high discount. 

Now they just hired their niece to be their agent and she said that they would need to still put the house on the market but its possible for us to get into contract and will put the house on the market for formality.At this point, I'm not really sure how I would approach this and how would I go by negotiating this to their bank.

If I could add to what John Leavelle said  ; it could cost as much as $60,000 to do a full Rehab here in the Philadelphia Area        My Friend Sean just did a Rehab in the Port Richmond Area Close to Fishtown and he it was $60,000        Sean has done many flips and I thought he went as "Budget" as you possibly can , for an example ; he paid $7,000 for a brand new HVAC  (Heat & Air Conditioning)  with new duct work , where that would have been double in the open retail market       Good luck with the project & feel free to reach out to me if you need any help or have questions SincerelyRick      

The other part of it is to build your own list if possible which those leads will convert.