I'm hoping to read, learn, and be able to hone my offer skills, expand my network of sources, and be able to land these flips.

Let's connect and see what projects we can work on!

What made you interested in investing in this type of deal?

Hire land use attorney to confirm what home type I can build 4.

What would you guys say are the downsides of DSCR loans?

That being said if the properties were in my back yard I would still have professional  property managers so I could do what I do best and enjoy the most.

However, the inspector mentioned that the 2nd and 3rd floors are labeled as "Artist Dwellings," though he wasn’t sure what that fully entails.He suggested applying for a special permit to present the space as artist studios or dwellings, with the hope of eventually converting them into long-term rental (LTR) apartments under that designation.

This is something you can shop for, so you can call title companies to see what is normal. 

Owner said they made substantial repairs including new wiring, new electrical panel, all new insultation and repair of any charred areas. 

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.