That gives me a range of maximum value for the house if it were completely rehabbed.

I am searching in not only in Charlotte but a wide range.

For rental condition, make sure everything is clean and functional (and safe) and has amenities similar to those in your area and price range.... no need to make it look like HGTV after shots...Some of these items you list sound cosmetic and it may fair well in your rental market as is or with just some minor fixes (again, I would look at similar units for rent (not sale) in the area to get an idea if formica and older carpet is the norm in your area and price range...)And I would simply look at temporarily blocking off or restricting the fireplace use, clean the carpet, tack on the molding.

If you ever need helping moving inventory feel free to reach out to me.

I am looking to purchase in the $2 million range and expect to hire a property manager for the property.  

Looking through the Texas listings, these are new listing and not old inventory. 

I own several rental properties and now looking to increase inventory so I can fire my boss at my  current day job and go full time with REI.

Have you tried looking through local wholesaler inventory or homepath.com?

We are currently in the position that we would like to buy land (2-5 acres) and build around the $350-$400k range.

My job is likely in the $20k range and would include significant kitchen and exterior work.Thanks!