Which rehab project do you recommend for new rehabber?

[Wayne Woodson]

After years of wholesaling, I decided to get into rehabbing. I'm wondering what type of project I should do for my first rehab. A lot of people are telling me that I should just find a property that needs paint and carpet but my concern is that with paint and carpet projects It is easy to underestimate the repairs and profit margins are usually thinner. What would you recommend for a new rehab or what was your first rehab? If you can do it over again what would you choose?