You'll find the best spread on properties that already have good bones and layouts, but are really ugly or dated cosmetically. 

I love the older houses because the structure and ‘bones’ are typically much better than newer propertirs.

There seems to be enough meat on the bone to cover for most mistakes you will run into.

@Minuit SpenceIf I were in your situation I think I’d try to first cut down expenses Dave Ramsey style bare bones only the essentials even can the Netflix and anything else you don’t really need.

Another option since you seem to have a deal with a lot of meat on the bone would be to wholesale this and double close. 

I have a commercial property which has a old house with good bones and a large lot adjacent to my building. 

Treat your cash buyers well and leave plenty of meat on the bone and you’ll make good friends.  

To sign up for a note that provides such a beautiful excuse for the judge to throw a bone to the debtor seems too cavalier to me.  

This half-duplex/Townhouse had GREAT bones, it just was in desperate need of deferred maintenance repairs and a "makeover".

@Dan Waskey - In my experience it is extremely difficult to find deals with enough meet on the bones, especially in desirable areas, but it is possible.