Lights, appliances, and furnace all worked, good neutral paint, tile on first floor, carpet upstairs; couldn't test the plumbing since the water is turned off. 

No one on here is going to know what fixtures you're looking at.What is the current flooring? 

Functional or location obsolescence (crummy floor plans, no property access, etc) or war zones.

Also, you'll want to stay away from turning it into a "weird" floor plan with a bedroom in the garage if it doesn't flow well.

My grandma suggested I move in the 2nd floor and pay rent - the place is very big for me so she tells me I can rent the two extra bedrooms.

Basic renovation, paint, replacing floors in living area and bathrooms, painting cabinets, decks, garage.  

That 1/8 inch of clearance protects the particleboard from the inevitable water on the floor..

It is a 3 bedroom brick house and I am paying about 30k, it could sell from at least 70k move in ready, and its in pretty good shape - needs flooring (5k), paint (2k), new kitchen (5k), new bathrooms (4k), new windows (8k) - rough numbers togive an idea of the scope of the project.Now there's the concrete...

We always buy appliances, flooring, etc. with 18 month interest free yada yada and pay it off as soon as the flip closes.

We are trying to reduce sound transmission between our ground floor and the second unit apartment, both of which are completely finished.