They also recommended Mereno which I use in my kitchens.Sometimes I choose a custom color for the bathroom because I get bored; it's tough to stick with one set color for a bathroom, IMO, unless all your properties have the same style of bathroom. 

Examples:-early slab construction-earlier-style cloth-wrapped electrical wiring without grounds-Often some questionable sheathing practices-Plumbing materials in transition (still mostly cast iron drains but changes to supply piping)-Lower-grade trim used inside and out.No knob and tube but plan for a complete electrical rewire anyway.

Love the hustle/style! 

Lots of shotgun style 1 bedrooms tend to be this way.Area of town, is it walkable?

So I'm looking at 2 bed cabin style houses and they seem to be in the range of 500k.

Like you said though, sometimes you might find yourself not getting as much out of them.It really depends on your learning style. 

I know people in the same street, same style house, that get $900-950. 

Have you considered doing shed style dormers?

Look into a Fannie Mae Home Style Renovation loan, or an FHA203K.

It was a similar ranch style home as my previous flip.