There's a relatively untested way to absorb some but I emphasize it's untested which a long way from either approved or disallowed.The theory is that if the improvements are less than 10% of the value of the property you are buying and the improvements are things that would normally be associated with a structure (roof, A/C, flooring etc not furniture or a car in the garage). 

This home features brand new Flooring, carpet, brand new kitchen, all wood cabinets with soft close drawers and hinges, quartz countertops, new stainless steel appliances, new fully finished bathrooms, new interior and exterior paint, new central HVAC, new dual pane windows, new roof, new water heater and all new lighting throughout.

I plan to put about 5-6k into new floors paint and countertops in kitchen and then rent it out.

That may be high as well without seeing a floor plan.I did not see it was a reno- you are looking at higher prices for that.

I have just completed the following: New roof, new tile floors, 2 new bathrooms, quartz countertops.

Told him to leave ill do it myself.)Bad sill plate on rear corner (contractor)Replace front porch postsBuild backporch stepsDemo barnInstalling concrete footers under home, laying block and shimming to your jacked levelSetting house back down on blocks and reattaching to foundationRemove floor and portions of subfloor in kitchen & back porch and replacement Window repairTemporary power pole (electrician)Electrical service upgrade, outlet replacement and GFCI Install (mix of Electrician and us)Label panels (electrician)All exposed wiring must be protected (basically just replaced all of it)Replace missing light fixtures (new fans throughout)Build wall in living room to convert to 3rdbedroomRe plumb house and pressure test plumbing (plumber)Install smoke detectors hardwired to meet code (electrician)Water Heater electrical line, and core discharge for water heater under house (plumber)Tear out Old ac unit under houseWindow screensWindow locksBackflow prevention valve (plumber)Fart fan ventilation for bathroomApproved Address Number DisplayedFlaking paint abatement interiorClothes Dryer exhaustPaint Untreated woodRemove all debris, Remove old tiresRemove chain link fenceTreat house for black antsPoly floorsMud and paint wallsAppliancesDoors/locks.Roof patch, remove 12x24 section, cut out rot, sister in new beams, put new plywood & shinglesPiles and piles of new electrical wiring (electrician/us)Sand all walls and spray texture ceiling and walls with joint compoundPaint whole house inside and outNew trim everywhere.Sand the every living hell out of the floors (100 hours of labor + help)Gutters and french drainNew mailboxA/c Unit.

I will put in vinyl floors instead of carpet, paint the walls, and possibly open up the kitchen/living area.

Most expensive and would be a nightmare since I would have to dig up a concrete patio and a crap ton of rootsC) no dig pipe repair: Has anyone ever done this? 

Purchase price: $255,000 Cash invested: $55,000 Sale price: $355,000 Fix and Flip over 6 months:Reno of Kitchen, 2 Baths and Back DeckNew Flooring, Opened WallsFull Paint of inside and outside Lessons learned?

As a side note, for now this house will be an investment property and will be rented out for a long time and possibly I will keep a room on the upper floor for myself.