Let's say I do a direct mail campaign with the following parameters: Absentee ownerOwned for a minimum of 15 years 40-100 percent of equity minimum equity of 30k single family 3-5 bedroomsno trust, LLC or corp ownedLet's say, for ease of discussion, the property is really worth $100,000 retail.

If you buy properties 75% of retail value you are set -You Spend 75 for a house that is worth 100 (probably you buy it for 45 with 30 of works) - you refinance it... it appraises for 100...

I am now exploring the idea of opening a bakery snack retail store. 

Professionally I have 19 years in Retail with over 8 year Store Operations Management experience and 11 years in corporate buying.I am handy with rehabbing basics (my 2 condos) and professionally with corporate purchasing, project management andoptimizing operational flow.Currently I own 2 condos and looking to add additional in or out of state cash flowing SFH and/or multifamily properties to our portfolio.My primary strategy is buy and hold but I not opposed to flipping, wholesaling and would like to try tax liens.

The asking price retail is more obviously but I am fairly confident  if we could make the deal at the above price and be ok. 

I know retail is hard and it's not uncommon to list for 12 mo or more to sell at a price much lower than anticipated.

They will tell you if the bathroom is broken, but won't tell you the bathroom needs to be updated for a retail sale. 

Here's the info on the house.Located in Wilson NC 3 beds, 1 bath, 1,064 sqft  year built 1952 on 0.18 acre lot.

Unless you were the only investor at the auction, which in this day and age is unlikely.Now, your job is to add some value(rehab) and sell for retail, or flip to another investor, or make a rental.

Do you have a minimum of square footage, beds, baths?