Any large rehabs are separate, but this could allow you to stabilize your expected cashflow each month, since you won't have to dish out an unexpecte $250 each time someone's drain clogs up. 

I don’t know your market or your negotiating style, but imagine if you do get the property for less money and it cash flows better?

I personally wouldn't over complicate your lending with commercial style loans (and guessing you wouldn't qualify unless you were doing some type of multi-family or portfolio project). 

examples: Type/Size of house - (so we know what you flip using this kit)Paint color/brand indoor-Paint color/brand outdoor-Flooring type/brand -Cabinets type/brand -Counter top types -Pulls (style, type, etc.)

That's not my style both because I don't want to be a slum lord and because I'm not investing in Detroit purely for cash flow.Yes, I know Ashley bought dumps in that price range and fixed them up and now they're worth more.

Was the kitchen clean, any dirty dishes left on countertops or in the sink?

The 70K is for the lot and the cabin (Ikea style).

At least more so than a set and forget style syndication.

I would also take a date-stamped picture showing the satellite dish still on the roof. 

I am in an area with very low worker supply so the rate is $135-$150 a sq ft depending on style and niceties.