Master bedroom and 2nd bedroom on the second level.

It had the garage on the main level with the living space above it.

I think if you put the time and energy in to doing this vs learning a new market you will find what you are looking for. 

A good agent will not reduce the rate on the front end on a promise of future business but once you do a few deals and BOTH of you see the value in the others time and energy.

There is a REX meeting at the BP Energy Center at 6:30pm on this coming Tuesday.  

We want to take it to a higher level and do about 9-10 flips/year.  

You need to figure out what level of finishes are expected in the area and estimate the rehab based upon those expectations.

Still, the question most of us want answered, at any level of investing, is "How can I duplicate that?!?"

I can tell you from a lot of personal experience that it can be a great cash creator and can help you create wealth like nothing else I've ever seen (especially for the risk level that a good area can provide). 

It is in pretty bad disrepair, with the biggest and most obvious issue being the mold that is in every room of the entire lower level of the home (it's a 5BR, 2BA (~2000 sq ft) split level - lower level has one bath, living area, 2BR, storage space and utility room).