The REO is Fannie Mae, and they have paid to have the interior of the house remodeled before listing it.The current asking price is $280,000.

Often what has caused the most damage to a structure is past owners careless remodeling cutting notches holes or completely through structural members of the home.

I've bought fixer's before, remodeled then sold or kept as rentals but I'm not at all familiar with this "wholesale flipping" concept. 

The presented pics of the house were taken after remodeling in February-March 2021

I have been lucky enough to have a career flipping and remodeling homes.

I remodeled the bathroom and yard too.

Complete gut, redesign the layout and remodel.

Also the remodel of the home cost 7,000 in expenses.

The last two projects I completed were remodeling the backyard and a gut renovation of the bathroom.

Michael, something I want to add to your spot-on comments; I see a lot of inexperienced STR buyers, buying a property to be a STR either on their own (FSBO or through the listing agent), or through a buyer agent that has little to no experience with STR's and who doesn't have a a great STR network, strategy, has no ability to analyze a property's STR potential, doesn't know how to assess and recommend remodel or what it will cost or how long it will take and what's required by city/county, etc.