Kitchen and bathrooms Lessons learned?

Kitchen and bathrooms Lessons learned?

Bought it at a discount, fully renovated it, refinanced and pulled most of our reno money back out and left 20% equity in it to avoid PMI.

This would be my first real estate deal, and I'm first in line to take a shot at buying it, and at a discount.

I am new homeowner of a two bedroom, two bathroom, 1200 sq ft condo.

We were able to negotiate some discounts for some damage to the siding they were not aware of and also underground storage tank decommissioning which had not been accounted for in their initial walk through.

I can get FHA and first time home buyer discounts.

Our plan is to totally gut the house removing all the dated wood paneling, kitchen cabinets and bathrooms.

The bathroom in the basement has no ceiling and door.

What are you opinión of this deal: bought home for 410k, fha with 6% seller concession.The home is a live and flip deal. 4bed, 1 bathroom. 1500Sq ft cape, roof is mid life, no foundation issues, no oil tank issue, no furnace issues Renov 48k ( on a personal loan) ( New kitchen, second bathroom, landscaping, fencing, repair existing bathroom, New flooring, paint the inside, replace two window, repair deck, putca couplecof gutters,, update electrical panel, New major appliances)With the current market in my area ARV 560K (iam in upstate ny) Should I keep for 2yrs or refinance and rent this out?