If you go ahead and purchase the property, there could be an unexpected win for you.  

I've listed it on Craigslist and some other online outlets and was told the interest would be pouring in but I haven't seen it yet.

For example, I believe a home without GFCI outlets would not be FHA eligible, even if the home is otherwise perfectly habitable. 

There are always unexpected costs and timeframes. 

If only electrical outlets and you took pictures before drywall install, then an inspector likely will approve if done right and by an electrical company with a Master Electrician who is approved by the city (i.e. has permit to work in your city).

It’s not for everyone.Costs of rehab: Anyone who’s ever watched a house-flipping show on HGTV knows unexpected expenses always pop up, and the timeline always gets extended.

The attorney can answer your questions and set everything up nicely so you're protected and that you don't have unexpected headaches later down the road.

That could be eaten by an honest counteroffer, unexpected rehab costs, or a small drop in the market.Instead, we use a percent of the ARV.

I'll also start putting up ceiling fans and light fixtures, as well and replacing switches, outlets, and covers.We will hopefully have this one finished in about a month.

there are some smart people and some wannabes and some Knuckleheads bouncing around these forums. there is no such thing as a sure thing. there is a huge amount of things to learn a lot of risks that may come unexpectedly. bed bugs?