From what I've gathered from talking to my neighbors is that the owner has not gone inside the property for 20 years, all utilities have been shut off, the owner is 70 years old, and none of the neighbors talk to him enough anymore to know where he currently lives, but they know he has turned down previous offers because he doesn't want the property to get torn down.I can't stop dreaming about owning this property.

After finding BP I am newly inspired to follow my dreams once and for all and buy my first flip.

Not to debate or anything, but my advice is that I wouldn't listen to people who say "don't jump in to this, learn for years before you start"... the ones who don't jump in and take risks don't ever go anywhere or make their dreams reality. 

My question is: we created an LLC to support our future Rehab and Flipping dreams.

@Ed Emmons That’s the dream!

We ended up selling for a sizable profit, plus the sale of our other house to buy our dream home.

This is a dream-job! 

I’ve seen some nasty houses for sale with ceilings collapsed and paint separated on every surface and walls crack over cheap people with pipe dreams of restoring grandmas old mill house leaving it cold in the winter .

Am I living a pipe dream or is there something financially I'm missing? 

Boasting granite counter tops, luxury vinyl plank flooring, custom alder cabinets, stainless appliances & a pantry - the designer inspired kitchen is a dream workspace for the household chef.