Your insurance company is on the hook to rebuild/repair the property to current code if there's damage.

Do you have the original unit condition description of any damages to all the units from the former landlord-- ?.

What does your lease say about you paying for repairing damage caused by tenant?

But in November my parents lost their home through "Deed in Lieu" after a freak flood created immense damages.

If your contract just states the earnest money being returned is the only remedy and considered liquidated damages in full then you have a weak chance of recovering anything else.No legal advice.

Add in a future roof repair and possible water damage from the leak and they really make sense.If I am the one paying the utilities, then I probably would consider a power vented gas/propane water heater in lieu of electric because it makes a difference in my operating expenses.

Hey All,What are your views on buying a house from a flipper that had prior fire damage?

I personally wouldn't do it if its truly major rehab.You could damage their personal possessions with dust, spray, debris etc...They might not have a functional living space and you are responsible.Also, based on my experience, unless its super simple, "shouldn't take more than a day" typically turns into 2,3,4,5 days depending on the age of the home, and sometimes a part just isn't available at the home depot and supply houses are closed on weekends and online expedited order says 48 to 72 hours and you go..."

If you buy from a reputable turnkey provider, a lot of risk is mitigated quite a bit.

She had been giving us a song and dance about the damage and how it happened.