(I am not handy, but a fast learner and good researcher).Front area is a bit worn, I saw a few small cracks along the foundation, aswell.This picture is from the bedroom that had the termite problem.

For example - When I moved to Southern California, I applied at one cute house, that had been offered for rent for 2 months - so, obviously it either didn't fit most tenants (only 1 bedroom) or the landlord/Property manager was too picky. 

 $43K in retirement is a good start and if left for retirement will have ample time to grow (30+ years).  

Configuration: Two bedroom, three car garage, mud room, etc.4. 

I also turned a spare bedroom into my "dressing room"...basically a walk in closet, complete with a reading chair, craft desk, and cushy sheep-skin rug.  

I wasted hours looking up ARVs, bedrooms, baths, all kind of info on properties that I might never speak to someone about.

If I can do this at 21 renting a 1 bedroom apartment then anyone can.

Then ask a couple of contractors to come look at the house with you and give you a bid for all the items on your list.As far as ARV, you could ask a realtor to give you an estimate on what they think they would list the house for once you completed the rehab (and give them the items on your rehab list so they know what would be fixed up and what wouldn't).The best way to come up with ARV is look at the sold houses in that subdivision that are similar in terms of bedrooms, square footage and year built.

We also invest in pure rentals, (south Carolina).Many of our friends have rented out their spare bedrooms allowing them to "pay" for their mortgage and often times utility living rent free. 

I think you could pull it off in any bedroom community of any metropolitan city in the Midwest...