My thought is that this situation does away with the nuances of a typical rehab, like determining what can stay or be fixed versus what must be replaced or refinished.

I have been shopping for materials and between full kitchen, full bath, interior paint and floor refinishing it will be just shy of 7k before labor(90% of that labor will be my own work, aside from electrical and plumbing which will be licensed and insured professionals). 

Purchase price: $101,000 Cash invested: $3,500 My first property which I lived in for 5 years as I refinished the attic and improved both units.

The majority of our SOW included: cleanup, new roof, exterior siding and paint, flooring, interior paint, ceiling re-texturing, cabinet refinishing, counter tops, light fixtures, windows, doors, bathroom gut, and landscaping.

Rehab included all new mechanicals, running duct work to property heat 2 bedrooms to the 3rd floor, complete rehab of bathroom, refinish wood floors, and paint throughout entire house.

Under the carpet was original wood (gold mine), so we refinished it and it looks amazing.

We replaced all flooring, painted all interiors, replaced all outlet plugs and covers, new light fixtures, fans in living rooms and bedrooms, re-faced kitchen cabinetry and countertops, refinished all bathroom tile/tubs, re-faced bathroom vanities, replaced shower fixtures and overhead hood vents.

We replaced all flooring, painted all interiors, replaced all outlet plugs and covers, new light fixtures, fans in living rooms and bedrooms, re-faced kitchen cabinetry and countertops, refinished all bathroom tile/tubs, re-faced bathroom vanities, replaced shower fixtures and overhead hood vents.

At most do some painting, maybe refinish the floors, change out the locks and call it a day.The first investment really is like your learners permit. 

Here are some examples of what i am looking to do:-replacing carpet with laminate floors-installing mini split-new paint on interior-exterior accent paint & brick refinish (brick house)Thank you all for your help!