Dig in as deep as you can and stretch your creativity but in the end, if it doesn’t work… walk away.We’ve lost tens of thousands in EMD because we had to make competitive offers but in the end the due diligence revealed too many flaws.Channel your inner robot and take a look at your situation with completely objective goggles.

I'd have her carpet stretched, but what is wrong with the tub and surround? 

Having a nice long stretch of counter space is always nice.You said money is tight, so anything you do moving the sink, stove or fridge will add to the cost to move plumbing and electrical.

Flipping a home is a stretch goal for me with this schedule. 

You may get lucky and run with low expenses for years, but then you may hit a stretch of a few years where it seems like everything breaks or there are a lot of vacancies.

Numbers look good...You can always stretch it into a 20 or 30 year loan if you need to ensure positive cashflow.

Don't go all-in and stretch yourself thin on your first deal.

I don't want to stretch myself to thin and end up over a barrel shortly after closing on my first property.

When I was your age I had small children too and was in graduate school , so I appreciate how thin you'll be stretched.

From what I read there is a lot to learn about buy and flip...you need a team or your honest go to ppl.I'm a newbie but if I was unemployed and trying to make my 70k stretch and invest I'd look for a job so I can get all the benefits of a owner occupied loans..buy a duplex, live on one side rent free while renting out the other side.