It requires no rehab, the major systems/roof should be all good for another couple years and then some and likely only needs some cosmetic touches to get it ready for a renter (coat of paint in some rooms, etc.)Note that the rental properties I am considering are all turnkey or are already cash flowing, so no significant (or zero) costs for make-ready on that front either.

If pretty much all the copper pipes and wiring has been stolen before, there is a good chance it might be stolen again during your rehab.

I think that's a long term goal, unless you hustle, save every penny, find the best deals, and put in 100 hours of work every week for those next 7 years. 

The house itself is a colonial/farmhouse style that would be absolutely gorgeous with a new coat of exterior paint.Should we try to take on the existing mortgage and flip the house?  

Theres an extension for google chrome called penny posting.

Rather than an oily, stinky coat she has hair similar to a human.She is bathed & groomed regularly.She is on a preventative to stop potential issues with fleas, etc.She is not a barker.

Unfortunatly even the dumps are asking a pretty penny.. would need to knock them down a significant amount in order to brrr.

Bought my first property 30 years ago without a penny.

Good luck obtaining the designation, it's worth every penny!

Also are you planning to upkeep with seal coating /striping or just not touch it etc...