I would have to do a small rehab of floors and paint and maybe new appliances.I want to do short term rental or this if possible.

It needs new carpet, everything needs to be painted, the bathtub needs to be reglazed, and some of the outlets are still 2-prong.

It is NOT like what social media or influencers try to paint, it's hard work. 

Deep cleaning, new paint, lots of cosmetic repairs.

Deep cleaning, new paint, lots of cosmetic repairs.

With fresh paint throughout inside and out, brand-new roof, dual HVAC systems, updated water heater, stainless steel appliances, lighting fixtures, outlets, countertops, and PEX plumbing just to name a few.

But Lo and Behold, you will have state regulators and prosecutors, coming after you, painting you as a Devil incarnate to make some headlines and parade themselves as protectors of poor home owners, who are set up and guaranteed to lose their homes when they have no options to reinstate the loan a day before auction. 

It seems that if you can find a good deal on the purchase price, are willing to do cosmetic updates (floors, painting, maybe a kitchen) you can get that 100-200/month cash flow.  

Assuming it’s not a 50 year old home with lead paint, asbestos, lead pipes, etc etc.

and there's cleaning, carpet, painting, patching.