85k home with tons of potential! 1st time buyer HELP!

[Silvana Vaca]

Hello fellow members! 

I need some advice! I recently posted an introduction post. I am new to the real estate world. My goal is to flip homes with my father and build a profile. I am currently trying to learn all I can from EVERYONE (literally...) However, I came across a home that seems to be a great deal. Its a nice are, safe zone and schools, homes in that area range in the upper 150-200k. The home is listed for 85k! its a corner lot with a nice size backyard. The downfall is parking off the street and la huge tree standing by the side! However these are the descriptions below : 

Single Family Residential

Heating: Forced air unit

6 Rooms

Style: Cape Cod

3 Bedrooms

1,287 sqft

Stories: 2 story

Exterior Walls: Brick veneer

Construction: Brick

Fireplace

1 Full Bathroom

1/2 Bathroom

Lot Size: 0.27 acres

A/C

Roof: Composition Shingle

Foundation: Crawl/Raised

Need some feedback. I don't want to get too excited and jump into something too soon and blinded. However, i just have this gut feeling that this can turn into something magnificent. The bathrooms and the kitchen definitely need a complete re-model as well the landscape. What are your thoughts or suggestions? I would be as well a 1st time buyer so what would you do?