Purchase price: $116,000 Cash invested: $27,000 Sale price: $187,500 Replaced kitchen, updated bathroom, drywall repairs, paint and flooring.

Would also consider a property where you can force appreciation, like add a bedroom or bathroom or an ADU (more of a West Coast thing with ADUs). 

Another thing to consider is that large homes in my area are expensive so we will most likely not have a lot of money after the sale to rehab kitchens, bathrooms, and more from scratch.

I have 2 story house with the basement. 3/1 with opportunity to add second bathroom on the second floor.  

We wanted to do LVP throughout the house and the kitchen and bathrooms had an extra layer of plywood to raise its height so we had to manually crowbar it out, which took days and a lot of work.Aside from the flip, we didn't expect the sellers too keep changing their minds on closing date.

Asset over $1k/ft is likely to value from an added bathroom significantly more than an asset valued at $500/ft.  

He permitted me to a recreational building permit so I can finish it but limits it from a perm bathroom and kitchen and he came as close as possible to saying after inspection I’m fine to do whatever.

The in-place plumbing will overkill, so if over time you lock and shut down a couple bathrooms (so you have less to maintain), whatever. 

@Benjamin SulkaThis one was mostly cosmetic: paint, carpet/floors, light fixtures, trim, landscape clean up, rodent remediation, bathroom vanities in the 1/2 baths, and some of the windows.Rehabbed one unit at the time aside from the windows.

Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.