First Flip/Rental

[Gustavo Perez]

Hello BP community,

Now here is my problem. I have found a property that seems like a potential flip, I contacted a realtor and just went to see a house today and made a list of the things need (I will list below).  Property info 2 bed, 1 bath 956 sqft (has a 3rd bedroom without closet)

1. windows (6) 

2. Floor has a slight slope to it.

3. laminate flooring was put in incorrectly 

4. stress crack along with minor water damage on ceiling and walls

5 new roof

6. no appliances 

7. the washer and dryer connections are in the kitchen

8. has no central air (95%) of the houses in the area have it 

9. need landscaping 

10. gutters

11. wall trim is in pieces

12. some paint since im sticking to white ( very popular in the area)

13. doors need replaced

14. full remodel of the bathroom

Also the furnace and water heater are exposed in the bathroom (looks very weird) and it does have a garage or a basement but crawl space. Now the comps show it could sell for 73,000 and asking the realtor and another investor could rent out for 700-800 a month the going price right now is 25k so that gives me 48,000 of wiggle room for my rehab, financing cost, monthly fees, and closing cost now talking with some of the contractors int he area since it is a 956 sq ft house the time it will take i'snt long but as for some of the materials I'm at 3,590 for some of the materials (not flooring, drywall, trim, windows) now before I call around what can I look at cost wise for new windows and frames, fixing the cracks in the walls and ceiling, and adding central air and getting the slope fixed? Also give me your opinions is it cutting it to short of a budget ( I will be doing some of the work myself )