Look on HomeAway at North Lake in Dexter--there is an interior designer's home listed there that is gorgeous.

I came across a wholesaler/rehabber in Texas who has made the following pitch; Description: Under market value fixer upper 4 beds 2 bath, 1078 sqft, lot size: .13 acres, yearly taxes: $1,200.00, estimated insurance: $750.00, estimated repairs: 30K; central hvac, flooring, update kitchen/bath, roof, interior/exterior finish.Price: $49,000 CashARV: 109-115KExit Strategy: Owner Finance with 30K repairs: 5k down, $1,095.00 monthly P/I, 30 year amortization, 10% interest, Price: 109kRent with 30K in repairs: $1,095.00 with section 8, no need to chase the monthly payment, Housing Authority pays direct deposit to your account.He is recommending a cash purchase but also has a lender who does rehab loans.  

Repairs: 10k for cabinets, bathroom vanities and exterior/interior paint.

It was about at that time when she discovered her love for interior design, often changing the layout of furniture in her parents' home or painting the walls.

Keep in mind, the AC/Heating system will have the same smoker's residue as the interior of the unit. 

Found it at Auction.com and the interior condition is much much better than I have expected.

I plan on basically rotating between each unit for a short time period during which I will perform the interior updates and then move out and rent when done.    

But purely looking at what you put, not being experienced in flipping, I would make the offer subject to interior inspection (7day) inspection period, 15-30 day close.

Do you pull permits for interior painting and cleaning gutters??

I have more than 8 years experience in construction field, specially in interior design and home remodeling but not in US.