Ask about the age of the roof and systems (water heaters and furnaces).

A single family home 4 bedrooms & 3 bathrooms 2,140 sq ft, unfinished basement, 2 car garage, pole barn with additional 2 car garage & 8 dog kennel, updated appliances, roof in great shape, well septic & 2 acres.

However, my flip went over budget about 15k and took a few months longer than projected. 

View report*This link comes directly from our calculators, based on information input by the member who posted.Im thinking 80- 100k to convert it. not entirely sure though as im a bit green for this big of a project. please advise

The 7-unit I bought as a value-add property and added about $100k in equity over the last year, so I'm not opposed to doing similar projects in the future if profitable.I know how to analyze a deal and calculate NOI when scouting properties (though admittedly these properties were acquired many years ago, before I knew much about RE investing).  

Use the Bigger Pockets calculators to estimate the project.

She did give me some details regarding the roof, but was pretty vague regarding the interior.

So, you have a few options:Take on substantially more challenging projects, both in size/scopeTake on projects that involve a different asset classDeal with challenges related to different geography (I'd think you'd want to move 'up' market)These are the things that you can do one or more of - you may want to think about your options and be realistic too about your capabilities.There's a lot of people doing a lot of different things on these forums, but the above gets you moving 'up' the value chain with regards to developing capabilities, and working towards furthering your 'build' skill-set.All this said, I have a friend that operates in a smaller market in Iowa that's probably a bit closer to what you are doing. 

I didn't encounter any peeling paint in those projects so I can't answer beyond what my experience has been.

I am working toward my first flip now and luckily I only have a '84 VW project rabbit that is worth more parted out than whole, so I don't have quite the dilemma as you.