He has a kid fresh out of college with a degree in the stuff.

Comps within a 4 block radius (freshly rehabbed) have sold or are selling in the range of $300,000 - $340,000. 

It needs little work;  just a fresh coat of paint and a new subfloor in the kitchen.  

I also post a rental and a sale ad with my fresh craigslist account in the local craigslist section where the deal is located. 

I think if you sanded them and painted them and made them look fresh and new you'd be fine.  

I am 24, fresh out of college, working as an architect with a pretty solid income, so I am comfortable taking a little risk.

Good fresh paint job and cleaning.If the house is lower income then a larger expense on renovation will most likely not be inline with the return.  

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I had horrible luck with spokeo about a month ago when I was trying to trace people, and I think I paid for a one time use of intellius which gave me a fresh address, but it turned out to be wrong and the mail piece was again returned.

It sounds like the house is in great shape, this may allow for better rents-I always try to get high rent off of a fresh rehab AND I'm happy to wait for great tenants and/or tenants that are likely to stay for a long time.