If not you will need a very large hot water heater.

The price seemed reasonable but apparently it is too high.

I put in a little work developing a high level scope of work, assigning values and 3 resulting estimates so that I can not only determine what I think it will cost but what the best and worst case scenarios likely are.

@Andrew Freed I did a material estimate and on the high side I expect to put around 38k into the rehab.

@Steve T.As a native of New Jersey currently residing in Georgia, I highly recommend considering Georgia.

I'm graduating High School in a month and I want to get straight into Real Estate, I'm 17 so until I'm 18 I'm unable to get my real estate license (though its not needed in the state of FL for assigning contracts) and I don't have an LLC that would allow me to sign REI documents. 

Its important to know what exactly your goals are when making these moves and see what will make the most sense for you in the long run.When looking for your next deal, I highly recommend my local market of Milwaukee.

So, a decent deal is likely to get better over the long run. given the high amount of cash needed for brrrr do you feel it would be better to start with a long term rental as an initial investment that has less risk involved 

Their real costs are in the fill fees and high costs of repairs and maintenance. 

I have a brook running through the yard with a high bridge going over it.