I assume you are going to redo the kitchen, even then I still believe $1,100 to be slightly optimistic. 

As an example, if you have a house that has a good foundation, new roof, good HVAC, nice kitchen, and nice bathrooms, you're going to pay a lot less per square foot than if you need to replace or repair those big ticket items.

It floats, it is durable, it is easy to install, rated for bathrooms and kitchens, as well, and best of all it is $1.69/sf at HD.  

The last option would be to just rent it as a single unit with a kitchen in the basement.What have some of you other landlords done in this scenario?

This week paint, replacing doors, install kitchen counter top granite and a bunch of other misc items. 

It’s like walking into grandmas kitchen.

The house I looked at had the kitchen and bathrooms completely gutted, water damage and was a general wreck.

In other words its like Clue..Was it the butler in the kitchen with the butcher knife or the broker in the office with the letter opener.

I haven't had a heated bedroom or heated bath or heated kitchen since I got here!

Then go to as many REO properties as you can and practice your skill set.Here is some more info that should help you: Break up the home into sections - Kitchen, baths, flooring, paint, stucco, landscaping, plumbing (including fixtures), electrical (including fixtures), HVAC, interior doors, door casings/baseboards, windows/sliders/front door, roof, foundation, misc., and garage.Once you know what the common costs are for each area for a specific size home, you can see how easy it will become to walk in and walk out 15 minutes later with a rehab figure in your head.