if you are close to UMKC (university) or Rockhill University then you get student housing and bleeding into the Paseo area is not as much of an issue

It's unfortunate that some people see only bleeding hearts when there's a much more valuable lesson to be learned.Tom Goans did something much more profound that relieving someone of 2 months of debt each year (a great thing on its own!).

If not then you should figure all that out ASAP since you might be caught by surprise when your profit isn't even close to $65K.You should account for finance costs (Unless you bleed cash I assume you have some loan for it), transaction costs to sell (Even if you don't list it with an agent you might have to pay a buyer agent commission and there are other closing costs), Taxes (Should estimate at least 6 months for a job this size, probably more), Insurance (Can be a little pricey for a rehab), Utilities (Water, electric and oil).

Just shoot me an e-mail.On another note, my eyes are bleeding...

If not, you’ll own the house for cash and won’t be on the hook long-term with a hard money loan that could bleed you dry.

Also, sometimes you will have something such as marker on the wall that bleeds through the paint.

I see from your profile you are casting a pretty wide net, which is good for you.I can't speak for California, but where I'm at flipping and wholesaling are pretty much dead.I'd buy 'em if I could find 'em, but what's available gets bid up by TV-dreams besotted wannabes who slap on a coat of designer paint, dial up the curb-appeal and then hold multiple open-houses, usually attended by idle neighbors and bemused investors.Then, a couple months down the road, comes the inevitable ad for "Executive Rental" at a price that bleeds cash while the owners desperately pray for a return to the good old days of magical appreciation and NINJA loans.

As I removed the popcorn ceilling the walls were bleeding toxins. 

It can become a slow bleed, and some investors aren't ready for that.

One, hold and bleed out.