Jay Hinrichs wrote a free ebook on doing this out of state style.

The kitchen will be brought to present day from it's current mid 80's style right after that. 

Just get it sold and move on.As and aside, I love that style of house.

@Dylan Boesch When looking for comps I try and find homes with the same or similar school district, # of bedrooms, # of bathrooms, finished sq', total sq', style of home, size of the lot, age of home and neighborhood.

Not uncommon in low income households.  

Of course I will collect what I can to use it as part of my expansion, but I do not depend on it paying me in the future.I plan on retiring, well working for myself is probably a better way to put it, in luxury and style.

What I do know is that its a huge development, where track style homes will be built.

Beyond that there are many different style and types of investing.

If you're doing a flip or other short-term hold, the next buyer will look at what you paid, and no matter how irrational it is, they'll feel worse if you made a lot of money in their mind.Let's say that a house is objectively (crystal-ball-style) worth $100K and you list it for $100K in August of 2014.

I am currently about to begin a project within a week a Spanish style home that has to be completely gutted and will only spend no more than 30k on the rehab.