(just a wild guess at this point) If I offer $85,000. the cost of the house after reno would be $115,000.  

Here's an example:-$230K sales price w/20% down is $184K loan amount-30 year fixed rate mortgage at 4.5% is about $950/month-Rent=$2000/month-Mortgage=$950/month-Taxes=$250/month (guessing)-Vacancy=$200/month(10%, which is about 1-month per year)-Insurance=$110/month (guessing)-Management=$200/month (10%)-Maintenance=$200/month (10%)=$90/month cash flowThese are estimates since I do not know your tax rate and insurance.

Guess I'm a little superstitious, eh?

I do enjoy working with my hands and using tools (I guess this just makes me man *thumps on chest*), I have volunteered at Habitat for Humanity and 8 hours always seems like 1 hour.GoalsI want to reach a point where I can have positive cash flow and leave the chain that is currently attaches my ankle to my cubicle.  

I just need to know if this needs to be a "subject to".Based on the question my guess is you do not understand the meaning of "subject to" as that would be unrelated.

Guess what.  

(we what that job is)( you fix it, move it and GUESS what more falls..))

I guess I am not following this. 

I guess I am a little obsessed with this house but just reallly getting into investing and afraid this would be biting off more than I could chew.I was actually inside this property about 4 years ago because I was in contract to buy it as my primary residence.

I guess it is a pitch.