I'm fresh to the real estate industry with the intent to learn and become an investor.The original reason why I got interested in RE was because I think that the industry is ripe for innovation.

All the new tiles are broken, all the vanities that were brand new are destroyed, all new appliances are gone, cabinets - destroyed, stairs - need re-carpeting!

I am going to work with a family friend / realtor in advance of my trip in Nov in order to have the CMA and rental analysis at hand to make a better call on the fix/flip vs. fix/hold strategy.  

Main bath has brand new tile.

You may find that the market won't support substantially increased rents for brand new kitchen, bigger bath, and premium finishes.  

The county advertised it in the local paper(the paper also posted to their website) in Nov 2012 and sold it to a local company in Dec 2012.

So likely a brand new listing they will not accept that kind of discount.

@Wes Brand, did you get trained by Bob?

I am brand new and am looking to purchase a Multi-Family property and get an FHA Loan and qualify for the 203k loan.  

@Shelly Smithif you just need a closing attorney there are tons but if you need one that can structure a RTO or some more complicated transactions I would go to Brian Elam of Innovative Closing Solutions.