Once you stumble upon what you want to do, your gut feeling will tell you it's right.

While I am leaning toward the “Pro” contingent, (logical arguments abound) I do think there is a reason we sometimes get a gut check like the one you are having. 100% of the times I rationalized myself into ignoring that gut check I have regretted it.

We knew we were in for a partial gut... but if the roof was caving in or the foundation was failing - I certainly was going to back out.

No one has lived in the house for 3 years on a property that we bought, gutted and completely renovated. 

@Shulammite Ng initially the Palm Beach properties were intended or occupied by family. 1 was a full gut reno, the other 2 needed cosmetic work.

When I bought it, the house was livable but had a cheap "renovation" and I ended up gutting the whole house. 

Investment Info:
Single-family residence fix & flip investment in Atlanta.

Purchase price: $82,423

Cash invested: $72,000

Sale price: $279,000

Contributors:
Jade Bridges,
...

Around 13 months ago I bought a small single family home which I proceeded to do a small renovation to (gut the kitchen) and get rented out successfully.

My gut is saying no, but I'd love your two cents since I'm so new at this.I rent from relatives in the Bay Area (Richmond, CA).

He gut-renovated 100% of the units & leased up the buildings over a 2.5 year period, with occupancy stabilizing at 98%.When he ultimately refinanced the properties, his perm loan not only returned 100% of his equity, but also generated more than $20,000/door in refinancing profits, totaling over $11MM.