I came across a good deal for a house I would like to get as a rental property, and made my offer.
After inspection, the report show some issues that can not be ignored plus some minor issues (faulty dishwasher, not working garage door, faulty exhaust fan, etc.).The house probably needs to get new roof, new AC, new furnace, attic pest and some plumbing leaks that need to be fixed. Moreover, the house had a termite treatment back in the 90s and dryrot was found on the closet ceiling. Probably need to further inspected.
I live far away from the city I am investing in, and completely new to real estate. My agent mentioned that he can help me to be a general contractor to finish the repairs, but I wish to get y'all thoughts on the feasibility on such investment?