Needed paint / Carpet to get it ready.

I'm sure carpeting in the house is going to be over $1000.

The carpet is at 6.91%.

Note I'm not contemplating repairs / maintenance type stuff, such as sewer mains or 1) Moving a home to a new location (as in so expensive you're nuts to contemplate it)2) Replacing / significantly changing external look / structural elements / adding a story3) Replacing vinyl siding with full brick or stone all the way around4) Replacing old heating (baseboard radiant) with new, such as a heat pump and forced air5) Updating Kitchens6) Updating bathrooms7) Replacing floors (like carpet to hardwood or stone)8) Updating fixtures9) Painting

I believe it will rent for $575-600 after painting some carpet replacement.  

I see improvements as being more minor work, perhaps requiring less skill (e.g, cosmetic improvements like carpet and paint) and rehab as being a project being truly rehabilitated and much more involved.  

It doesn't account for a lot of expenses you will encounter.Imagine how much you could make if you never had to put a roof on the place, paint, put new carpet, new appliances, etc.

Completely different market than ITP Atlanta.3/2, fenced in and well kept- B neighborhoodThe seller purchased the property for $48K in 2011Current list price is $100KFair Market is $86K$60K is 70%ARV55% equityThe average rents in the area are $925The house needs carpet, maybe paint.

I also need help painting, carpeting, cleaning, and general handy man work.  

I than plan on renting them out to section 8 tenants and I'm not worried about them trashing the place, even if I had to repaint the place and change the carpet every turnover, it wouldn't bother me.