Then they just have to install and cut a hole for the sink and faucet.....

If you use wood around the sink you can have issues with mold & swelling.

I also wrote an article recently about gap funding from relatives and what the different scenarios look like.The book can be found here: https://store.biggerpockets.com/products/lend-to-liveWhile borrowing from friends and family is typically the starting point for most people when finding private money loans, it's also the quickest way to sink relationships, if not done correctly or as a true business transaction.

I spoke with a neighbor who has been inside and the place needs a total redo...the windows are all broken out and covered with plexiglass, roof may be leaking and needs replaced, pipes are likely burst...but it's a big place with a lot of old charm...the porcelain kitchen sink is probably worth more than the auction price.

Here's a small kitchen I just did - painted the original cabinets, replaced the countertops with quartz, new sink and faucet, put new base cabinets, new microwave and painted the kitchen.Old and new.

I have to admit when I was not spending time with goal oriented people, I was sinking.

_______ Shower ______ Toilet ________ Sink __________.

Bro,I just don't understand why this is so hard to sell.I don't understand why it takes so much effort and convincing for people to see this.I mean, THEY use Google when they need an answer, but the second we tell them that the same goes for everyone else, it just doesn't sink in. 

Obviously that is a backhanded slap however at time it will sink in if not get up and go to the next appointment.Presentation and negotiation is fun and difficult to learn however when you do your life will change.Happy house hunting 

I would first and foremost PARTNER with somebody who is experienced, I can tell you right now a full gut job is going to be more than 60k, a job this extensive will not be able to be completed without permits, and you are completely new taking a chance (I imagine) on new contractors, subs, etc.You should one MILLION percent partner with an experienced flipper because your margins are going to be thin, and one bad deal coming out the gate can sink you.