You're basically just renting a room in your place which happens to have a kitchen and bath.

(new bathroom and kitchen) the only thing we'd possibly do is pull up the carpet and re finish the hardwood floors underneath.I have experience remodeling homes( I worked as a framer and helped my dad remodel homes as a teenager as well).the house is about 60-70 years old but in good condition.I plan on financing with a VA loan but might consider traditional if my father in law has his property sell and go in with him as a partner.My question is does this look like a good a good deal as a live in that we would be renting in about a year?

Plumbing - Must be functional with no damage or leaks.Hot water - Must be functional.Electrical - All receptacles must function normally, GFCI receptacles required in kitchen and baths, no exposed wiring.HVAC - AC is not required, but if ductwork is present, then AC must be functional.

The kitchen cabinets are also something that could be updated to start giving the kitchen a much different look.

FHA 203k or Conventional or cash buy it. we were hoping to get the house for 100,000 and rehab some of the house for 50k. but we are running into worries about covering the cost of the septic and well.. and weather or not to BRRRR it or sell it off. my guess is the property could sell for between 260,000-300,000 tops.needs new kitchen gut, 1 bathroom gut, new plumbing throughout, and heating system and new windows and electrical upgrade.whats the best way to go about this

A few years back (2003) a contractor, referred by the insurance company after a kitchen fire, sub contracted an electrician (paid in full but never got a receipt) but the main contractor was always threatening to lien their house.

It has new everything... plumbing, HVAC, metal roof, flooring, bathrooms, kitchens, paint, cedar beams, cedar shutters, vaulted ceilings, landscaping.... everything!

My capex budget includes but not limited too: roof 25 life span, floors 10 year life span, appliances and hot water heater 12 year life span, hvac 20 year life span, bath and kitchen remodel 20 year life span, etc.

Improve kitchen?

However, THE only bathroom is on the first floor beside the kitchen and back door.