Do low clearance ceilings completely kill deals?

[Account Closed]

I've got a deal I'm evaluating: 2B/1BA (could be 3B/1B), built in 1927. Owner is asking 55k, it probably needs 40k in repairs, ARV is 130k, and the area is up and coming. Rent in the area is $1800/month as well, so the numbers work for a house flip or BRRRR strategy. My biggest concern however is the ceilings are pretty low in some areas of the house. The living room and bedrooms I think are 7', but the kitchen and "sitting room" are 6'6" (estimating because I'm 6'3). This would be my first deal. Should I take the deal?

[Jim Adrian]

I would pass on this.  1) its 2br/1b  2) low ceilings.  More bedrooms is more desirable. Low ceilings are a code issue.