Easy to buy, but can you sell? How do you determine?

[Mark W.]

Hi guys, I am having trouble setting up a criteria in which to follow for fix and flip properties. I am looking at low end properties. Purchase price under $25k that are in need of work.
What are your thought processes when you are looking at a property. How do you come to the conclusion that you could sell the property after its renovated? What factors do you take into consideration? I know this is really broad but I am basically trying to get into the heads of some seasoned investors (I know it may be a scary place:) ).

Maybe approach this as I have to; I am new to an area and I'm not familiar with lower end properties in general.

Thanks!