See what your all in cost will be with purchase and reno. see if the spread is good enough and go for it. if you unsure partner up with investor in the area.

Love the spread sheet. 

Will keep updating and posting the project via social media.

Another thing you could do is see if the current tenant would take your financing on a Lease Option if the will pay rent that covers your debt payment or more and use any spread to pay off your mortgage early.  

For me the positives are endless and If you want to know more specifics I'm happy to answer any questions you may have. eXp has a non-traditional business model and with that I see a lot of mis-information being spread about it.

@Barry Pekin , Thank you for the speedy reply, there is definitely a ton of info and knowledge spread across these boards.

Don't forget social media. 

I use google spread sheets to keep a rent roll and stuff like that but I see a lot of websites out there like cozy, stessa or landlord studio. 

@Wally Martinez for buyers I have found folks doing flips in my area while driving for leads, another way is checking local Facebook groups, Craigslist and other social media sites.

When the media starts with this type of publicity, it can get sticky fast.