Number never will the only thing that has the power to fight over the markets fluctuation is your mindset and skills and luckily you have the power to refine those and morph ;) 

It’s a 4bd/2bth roughly 1200sq ft ranch style home, I believe the previous owner ran out of money on it; it’s got a new roof, all new wood framing, new electric was ran (but permit wasn’t closed) & all of the plumbing is ran (permit wasn’t closed either). 

Get a single family home with a basement suite and rent out the basement (or better the main floor) and a room if you don't mind roommates and you can live for free (that's how I got started, very powerful).

As long as it is in pre-foreclosure, there's usually a buffer between pre-foreclosure and foreclosure, there maybe stipulations regarding power of attorney, however it is best to speak with a foreclosure attorney.

Dan Powers - New Western Acquisitions

Ask the seller about the condition; has anything been updated, age of roof, hvac, electrical, plumbing, etc.

I added approximate numbers where I did not have exact information (paint, landscaping, and electrical).

Electrical, central air and adding an additional bathroom is on my list.

Additional features include new SS appliances, recessed lighting, new 200 amp panel and updated electrical in kitchen, a French drain system, and 1 car garage w/ workshop.

It has a septic tank and electric ready to go and the land seems ready to build on except that it's got an old trailer and barn that most likely need to torn down and removed.