Your net profit as a flip - assuming you paid cash and there are no holding costs involved or hiccups, would be a paltry $5k for all your time spent.However, looking at this from the eyes of a Buy and Hold'r, you can buy and rehab the property for $85k and then cash out refinance it at about 75% LTV against an ARV of $100k.

I go into great detail regarding buying investment properties in military areas....

@Paul Caputo Thank you for the detailed response. 

One thing that will forever kill an old house is the removal of such details.

@Joel Owens Thank you so much for taking time to provide all the details!

Just kidding ^_^Will keep an eye on you though..

Keep an eye on your own place or don't play at all.  

The trees are mature and could stay.I would say, from all the details I gave above (and even left out) these are motivated sellers. 

Pick the venue first, then vendors and other details will fall in place!

I understand sellers will conveniently show low expenses, I look at expenses with a critical eye and not naivety. 2.