Build on it with laser focus.

P&I - $295Prop Insurance - $115Insurance - $105Interest rate - 15 years are running around 3-3.5% right now I believe Probably needs foundation repair (pier and beam) - do you know how much this would be?

Replace with steel I-beams.

Looking back it's amazing how laser like my focus was.

I always suggest THE ONE THING (Keller) if you haven't read it already... and follow it up with the The 7 Habits(Covey) and get that laser beam focus!

Specifically, I vaulted the ceilings to expose the original hand cut beams (think barn construction).

There were a few other things he mentioned as well (replacement of some support beams in the basement, mold inspection in the attic, gutters should be added).

When I'm ready to consider purchasing a rehab, I first use a home inspector of the highest certification to check the issues that can destroy your planned budget - foundation, black mold, roofing, termite destruction, or rotten beams/studs.Also, I would recommend getting comps on the local neighborhood and know the state ratings of the local schools and crime rates.Best of luck!

Of course my neighbor moved in just as I finished the project - they own one of the largest plumbing companies in town ...Remodel included : Kitchen: $6,500- IKEA cabinets $3,500- sink and faucet $750- garbage disposal $350- counters were concrete and fabricated by myself $1,000 - wood trim finish $500 (opened up the kitchen pillar and island)- coffee bar $400 - appliances were re-purposed from my fathers rental (free) valued at $3,000Main bath: $3,300- over-sized jet tub $600- vanity $750- lighting $200- toilet $250- shower tile $750- Instant hot water (main house) $750Master bath: $4,200- Glass shower $1,000- Vanity $1,000- Instant hot water heater $500- toilet $200- lighting $500 - tile $1,000Master suite: $4,550- Split unit A/C donated by neighbor, install $500- Kitchenette $1,000- Fridge $100 (craigslist)- Engineered beam $1,000- lighting $1,200- Custom door $750Demo/Hauling: $2,500Flooring: $9,000- Wood plank tile in whole house (2,000 sqft) $2/sqft material $2.50/sqft labor Plumbing: $10,000- main bath $2,000- master bath $3,000- kitchen $2,500- water system $1,000- kitchenette $500- miscellaneous $1,000Electrical: $9,000- main panel and sub panel $2,500- House rewiring $2,500- Can lighting $2,000- Well pump wire $500- Miscellaneous $1,000Drywall: $3,500Professional paint interior: $2,000Water system: $5,100- softener $2,000- carbon tower $2,000- Reverse osmosis $600- Pressure tank for well $500Back deck $2,000Insulation $4,000- Sheds $2,000- Main bedroom $2,000I'd like to note that I would not have renovated as thoroughly or with same high end materials if this was a pure fix and flip.

You could buy a laser level for around a hundred bucks and check it once a year for movement.