Come with DATA, not with claims that in no way shape or form can be verified. 

Honestly, it is overwhelming for me since the house wasn't in the best shape when we bought it and my family didn't keep up with repairs/renovating throughout the years.However, we do have around ~150k in equity which can be used for renovation and aftewards renting it out.

in the Eugene market if its in decent shape 500k could easily be the value yes.

You are in good shape. 

We purchased this mid century home in rough shape and spent 8 months renovating.

Everything works great (knock on wood) and the home is in great shape.

. - Nashville Waterfront Development Starts to Take Shape. 30 acres of mixed-use development on the East Bank, anchored by a $2.1 billion domed stadium for the Tennessee Titans.

Although, we are not a beach community both Ft Myers Beach and Sanibel (our closest beaches) are in very rough shape.

If you can get a property at 70% ARV minus what you project the rehab cost you should be in good shape and be able to meet the 1% rule.

The house was in fine shape, not sure they ever fully moved in by the looks of it, needed nothing to be done for a turn but a minor cleaning so we agreed to let them out of the lease, full SD back as long as they signed an agreement there was no mold and they would never pursue any damages or claim any issues etc.