The property just needed the basics; sanding the hardwood floors, paint on the walls and tubs, new vinyl, and appliances.

Must we assume this 1960's house meets electrical and plumbing codes, no lead paint, etc...?

Doing something l call a neat/cute (buying it at a wholesale price then a little neat cleaning and a cute paint job under $900 bucks for a 1200sqft home then selling it to a end user) rehab.

Little did I know the people I thought were looking out for my best interest, would be the ones to paint me a beautiful picture of the perfect paradise, only to later find out they would be sending me right into the eye of the storm.

I have also seen some people unfinish a basement and just leave the block walls painted.

-Exterior needs a new paint job.

I think it's from lead paint, not the water.

This means that doors and boxes are going to shift and move as humidity changes, and paint finish is probably closer to a hand sprayer than a controlled and baked-on finish (Think rattlecan paint job vs. factory on your car)There's also the question of design.

A foreclosure has come up that I have run the numbers for and, for the good of the BP community, I'm sharing my personal analysis and welcoming any reality checks or past experiences to see how accurate this is.To start, this home is a total blank slate: No floors, no paint, bathrooms need new showers, kitchen needs appliances.

One think I also learn from your post is never be afraid to paint over bricks!