There are a lot of old timers floating around Columbia that are bitter because they don't really know about investing just own a few houses.

Also Would this be base on comps of like properties in the area, if not will it increase property value besides the usual kitchen and bathroom?. 

Since we purchased in July 2013 we gutted 1.5 bathrooms, renovated kitchen, new paint/trim and new floors.

Keep in mind rehab to prove increase in value- we've bought some really great deals that didn't need too much major work, but then when we hit appraisal time it was hard to prove a huge increase in value in 6 months time, because we hadn't put on a new roof or remodeled the kitchen.  

My guess is your asking price is too high.In my market, even if the house looks decent, rehabbers will generally be updating the kitchen and bathrooms, refinishing the floors, painting, etc. 

Your architecture skills will have greater leverage for bigger projects certainly, but the process for doing a kitchen rehab flip (for example) is a good incremental step in learning the buying-bidding-building-selling part of the market.  

Hey everyone, my name is Siera Hearne. I currently live in the San Luis area and am brand new to real estate. I haven't bought or sold any properties, still trying to find out how I will finance my first plan. I'm loo...

As far as purchase price, rent, area, rehab etcIts in the Midwest.Its in a very landlord friendly stateNew roof, updated electrical, plumbing, and HVAC4 bedrooms 2 baths New 10 mil laminate flooring both bathrooms are full tile on floors and showers, all new fixturesnew kitchen cabinets, appliances, backsplash and granitefenced in backyardarea sales for this kind of house are 135k to 145k in the past 6 months in same neighborhoodPurchase Price 129kRents would be 1,100 to 1,200 a monthProperty Tax: 690 a yearAppreciation would be minute at best as it is the Midwest no ups and no downs just steady. 

Spend some time really looking at these neighborhoods with your brother, and make a joint decision about where you would like to buy houses to own for the next 20 years.

Wait...so you're going to leave a black sink, black stove and stainless microwave/fridge along with that God awful tile in the kitchen?