Flipping a Steel House

[Wade G.]

I may have the option to purchase a steel house for the purpose of flipping. The structure is steel, and the outside is brick, but where wood would normally be used as siding there are large steel panels. Really not sure about it because steel houses are not the norm in my area and its an old house built in 1952. It's an outlier in the neighborhood because all the other houses are the typical wood frame brick house. It looks like the other houses in regards to style but its steel rather than wood. You wouldn't know it was steel by looking at it from the outside. A quick analysis says the ARV is about 100k. The land value is about 30k. Its a small 1050 sq. ft. 3/2/2. I really don't even think this the house is worth paying land value for as it is now because it does need major rehab...and I do mean major. I have not even figured out hard numbers on rehab yet because I'm deciding on the whole steel issue. I don't really think it is a selling point but then again maybe it is and I just don't know about it since its not normal around here. Anyone had any experience selling a steel house?