The seller disclosed this info so I have not had a chance to confirm this as I am not sure I want to go through with it or not and waste money on inspections to find out it will cost more than I think the building is worth.Also, the units have artex ceilings which I heard likely will have asbestos in them.

There was substantial mold, but what I did not expect was for him to remove all the walls down to the studs which included both bedrooms, living room, kitchen, as well as the ceiling and all the flooring in the living room.

.• Note: This EXCLUDES ceilings and doors.• At ~1,000 sq ft, this is over $4.00/sq ft just for walls/trim.

At this stage, I’m working on defining the right strategy and would really appreciate insights from those with experience: What type of properties are best to start with for a first flipWhich areas or ZIP codes in Jacksonville and surrounding areas are most suitable for beginnersWhat a realistic purchase price ceiling would be to avoid losses on a first dealFrom a financial standpoint, whether it’s better to use hard money financing or partner with an investor and split profits in order to gain experience and build a track record  I’d love to hear any advice, ideas, or lessons learned from your own experience.Of course, if anyone here is interested in partnering as a capital investor, or has potential opportunities, I’d be happy to connect privately. 

Plaster and lathe ceilings can be deadly if they have had current or repeated water intrusion from above.

IN DOORWAY BECAUSE THE WALLS CEILING AROUND DOOR ARE REINFORCED TO CARRY EXTRA LOAD CREATED BY THE OPEN GAP A DOOR MAKES.

Some Cleveland ZIPs look cheap on paper, but once you factor buyer demand and pricing ceilings, margins compress quickly.When I look at Cleveland, I’m comparing ZIP-level median price, cash flow potential, and overall deal score to see where pricing discipline actually holds up.Are you leaning more toward lower price-point flips with volume, or higher ARV with tighter inventory?

At inspection (of occupied units) you are (or should be) primarily concerned with seeking out signs of water intrusion; actual conditions of floor coverings, walls, ceilings, plumbing fixtures, Owner provided appliances, and general housekeeping. 

Here are some of my thoughts on this.Putting a bathroom fan on the ceiling will draw away the heat, and using louvered bifold doors will allow the doors to be closed while the machines are running and still draw air in.

Consider, the ceilings.