I have looked at similar properties in different towns, and this seems to be in the ball park, but it's not apples to apples.

I've been trying to read up on everything that I can before I get started.I love watching all those HGTV shows on people buying, fixing, flipping and negotiating on homes..

Suggest you complete your profile and watch the video on how to get the most out of the website as well as how to use keywords to find topics that interest you.Your question is now asked about once each and every day here.

While I have liked it and thought it was a good way to do things I now see how it is probably not the best and could really burn me in the future.I watched the video you made and I think this is a great idea.  

Watch your drains:  What goes down the drain can have a major impact on how well your septic system works.Waste disposal:  What shouldn’t you flush down your toilet?

I only have one B and three C's, so that's what I watch.

Just make sure to watch the numbers(CMV, ARV etc) and make sure the contractor/handyman doesn't go pass framing work (new windows & doors are often included) because you're still selling it at a wholesale not retail purchase price.

Watch the neighboring property more closely and document my own observations.3.  

Add fuel to your fire and watch your business grow.

Be cautious with sandwich lease options Vanessa, Bill Gulley and I have been talking on this subject for a long time.If you are dealing with free and clear houses, taking title via a private 1st mortgage - installment sale and renting or lease option is smarter than a sandwich.Also on the selling on lease option side, watch out for rent credits, in other words do not do them, consider a ROFR, or right of first refusal, as Dodd Frank, SAFE Act, etc. has come into play.Use a RMLO or Reg Mortg Loan Orginator with your buyers as per the ATR (Ability to Repay Rule) will bite you later if the buyer gets an attorney on a seller financed deal.