In 10 years I hope to have $10k in passive income.Feel free to give me a reality check if you feel like I need one ;)

The middle class young couples buying homes here are, from an underwriting standpoint, "qualified", but in reality, they are borrowed to the hilt, and if anything goes wrong (AC replacement, plumbing, electric) they are 1 step away from default.  

Based on the description, and I say that loosely as pictures and description tend to "not" reality, if there isn't anything to do to the property, how would this be a fix flip?

The reality is you'll never be "ready".  

They need a reality check.

Many "older gentleman" pretend like they are looking for an out to simplify their life, but in reality, they're looking for a mark to take to the cleaners.

Usually (no offense to architects, I am an engineer also) architects dream on the most beautiful design they could ever draw, or at least something close to it, but we as contractors need to poke their heads to bring them to reality -both architectural drafts and dream finishes-, the dream drawing is simply what it is on paper, but when you start to put dollar values to it, either the deal is not a deal, or you hire someone to make the deal happen.

In reality you are not positive cash flow.

For example, you could say that you bought a parcel for $1000 and sold it for $3000 therefore you made a whopping 300% return, and you'd be right, but in reality you did both sides of a deal for $2000 which if you seller financed would take years to actually put in your pocket.

Its not till the formal process starts that reality sets in.Try- I am looking to buy another house and saw potential in yours?