I know people like the "FHA" loan due to its sort of slightly "lower" qualification requirements and ability to do 3.5% down, but you still "pay" for those benefits.  

Put in the time researching your local market and learn how to analyze a property to determine if it is a great deal.

The sale price is what is going to determine if this is a good deal.

Hopefully you know how to determine your dti properly and don't forget that lenders will recalc your rental profit/loss on 75% of the rent schedule (not 75% of the profit...).I hope that helps. 

Your rights and abilities are clearly outlined in your contract. 

Either I cannot seem to find an answer to this on the web or I am using the wrong search terms. I am trying to figure out how to calculate ROI in the following scenario. Our original primary residence. Bought 18 years...

Kitchen renovation (cabinets, countertops, appliances) bathroom renovation, and flooring are usually the cosmetic things that I find add the most cost, you should be able to determine if at least any if these areas need to be updated and go from there. 

We love, value, and appreciate one's ability to create their own life.

@Isaiah Foster, you will need to determine what you are going to do with the home once its fixed, sell it for cash, sell it on a note, rent it, this will determine the amount of rehab you do to the home, once you decide this then start the rehab on the outside of the home to keep the weather out good luck

NC law potentially IBC law has taken away the ability for a homeowner to work on their own property for certain things, can't fight that it's law.