We ripped out the carpet yesterday, and the wood floors may or may not be salvagable.I opened up the wall behind the bathroom yesterday to chase down a leak, and found some bad plumbing and some mold and rot. 

“Over-doing” your rehab is not necessarily a bad thing, it depends on your strategy and goals.

No, it is not an easy fix but why force residents to deal with a bad design in perpetuity that can be remedied within a matter of days and dollars.

I do like the idea of a nicer home in a bad school district since schools don't apply but finding something you like and feel safe in might be harder in an area with bad schools. 

Obviously do your due diligence to make sure you’re not buying a bad deal but any route you go there will be things you did right and a bunch you do wrong but you will learn and you will do better on the next deal and the next....... one Great way to consider is a House Hack..... you need/ want a primary residence anyways so consider duplex, Tri, or Quad.... you have the down payment funds and it could or should cash flow too..... get you a place to live, experience as a land lord, cashflow, and the possibility to buy right and refi later to pull out equity......  

Her other color choice was blue, sort of a bright blue color.

My family and I relocated to El Paso about a year ago from Austin and had a few bad experiences with contractors here in El Paso.

., with min loan amt of 50K at 12% for a renovation (Fix/Flip) package...then following the BRRR (not sure how long their seasoning period is...but I'll ask) we can do a refi at their 6.1 conventional rate.Conventional loan: McGloan, 30 yr fixed rate, 4.8% (not bad)Im concerned with interest rates going up that perhaps we should lock in that low 4.8% rate (conventional loan), and pay out of pocket for the renovations ourselves?

I should put some catchy key words in my post I guess, like potential squatters, bad tenants, amazing deal, unbelievable, epic, cash cow, etc. :) 

Is this a bad strategy?