My plan is to buy foreclosures for a low (but modest) price, flip it or make some nice reparations, and sell it for as much profit as I can.

vacancy rates for off season and when hurricanes come through. how about your liability, is the condo itself covered(liability) and are you, in excess of a typical owners policy?

It's a lot of work for a low commission.

With carpet, I usually go with one of the more expensive carpets instock at Lowes, and upgrade the pad.  

If you are a seasoned investor or have had a success wholesaling I look forward to speaking with you.

Buy anyways, she tried posting the property online for as low as $45,000, and even found a buyer, but the buyer did not have any any money and wasted a lot of her time. 

For a low-income senior, it will certainly be higher.

If it were a four-plex, you could try to qualify for FHA (or conventional) using the rental income and have a low down.  

I am interesting in buying a "seasonal home" in upstate NY.

It is unfortunate that so many low income people have this house as their largest asset and have zero clue what's it worth and tend to make bad decisions when faced with their greatest financial challenge.