I do everything from day one when it comes to turning their gross outdated foreclosures into practically brand new homes.

Purchase price: $125,000 Cash invested: $120,000 Sale price: $320,999 We took an outdated old 1900 home in the Bates Hendricks neighborhod and reconfigured the layout and made a nice large 3 bedrooms, 2 large bathrooms including 1 ensuite and opened up the living room/kitchen for a nice open concept.

Any SFR are going to be much older with outdated styles and layouts.

Flooring, windows, kitchen/bathroom outdated,ceiling, doors and interior paint and exterior.The majority of my capital would be stuck in the home until I flip or several years of renting (by increasing rent).

This thread is somewhat outdated but maybe worth checking out https://www.biggerpockets.com/forums/759/topics/880886-what-is-your-ideal-buy-and-hold-deal-in-austin-texas?

Both of these sites look very shady and out-dated and I can't find much info about them elsewhere online.I believe the guy "helping" me is going to get a portion of the loan (with interest) that I wont be able to pay back.

These might be outdated. 

They are asking $120,000, which I personally think is to high after evaluating the comps and considering how outdated everything is.

It needed major remodeling, the roof was collapsed over the family room, the plumbing was a wreck, horribly outdated, but it was in the most desired neighborhood on my list.

@Chris LainoDepends purely on the level of work that's needed for the home.At a certain level of physical distress, you won't be able to get a traditional loan product due to inspection or appraisal issues.If it's just outdated, you can still use a traditional product.Below that, properties in severe distress need to be purchased with a rehab loan or a hard money loan or cash.When the property is in poor condition, the deeper the discount.