@Tammy Richey Hi Tammy, yes I did, thanks for the advice. He supposed to give me my report next week. I received an inspection report and wanted to get yours and the communities thoughts. My goal is buy and hold with LTR using turn-key or cosmetic rehabs for my first 3 deals or so. However this looks like a larger rehab than I thought so I am considering backing out (this would be my first deal and I am also out of state). My realtor is suggesting to just negotiate the price (currently at $180K), but not sure what to use as a starting point to negotiate. What do you think?

@Tammy Richey Thanks so much Tammy. My agent is doubtful she will accept anything less than maybe a 5k reduction. I was able to speak with the home inspector and he didn’t think there were any main structural issues but thought it’s best to still wait for the engineer’s report. My agent also mentioned maybe have a crawl space company and contractor come in to give a quote on some of the work needed, probably after the engineer’s report is received. Do you typically have a general contractor come out during your due diligence period to help justify your numbers? Thank you again.