Time and energy are valuable commodities so if you don't have the desire to do hands-on rehab work or manage properties, vet tenants, handle maintenance issues etc, then self-managing or flipping may not be for you.

Hi,I'm a new member from Texas who is currently employed in the energy industry.

They have the money, but don't have the time and energy to waste.  

A rough 1% rule would suggest a valuation from 300k (which is near his asking price right now) to around 1mil.It may still be a viable project, especially if there is potential for the area, but I would seriously question how you got to your renovation budget, and more importantly, if the sources that you relied upon that got you to that figure are reliable and capable of taking on this sort of project.

But if you go that route, then you are negating so much of what makes investing in real estate profitable, and at that rate, why not just invest in some high dividend energy stocks and be done with it? 

I specialize in healthy, energy efficient homes.

You can get very reliable and accurate contact info for principals using LexisNexis or TLO. 

Lastly, I am well aware of how important ones time and energy is.

Matt laid out the costs and expectations for you, so it will come down to how much time, energy, and resources you'll have for your real estate job.

Does this make sense or should I stop wasting my time and energy trying to figure out how to make it work?