We are not flipper people. We know our limitations. That said we were lucky enough before the market went high to purchase a complete remodel needed foreclosure with an owner occupant cert for well under 100k. We had multiple inspections done and structurally the house was sound. Here is what I wish I knew before buying but tbh I would do it all again. 1. Whatever you plan on spending double it then triple it. Our original estimate did not include plumbing work as the piping was relatively recent as far as homes go.. and then the flood of Gibraltar happened and more walls came down. The AC system needed complete gutting. And don’t get me started on what rodents did to wiring at some point during the homes abandoned time. 2. Before purchasing any home decide what is most important for you in that home. Part of the reason for us in buying what we did was the location by the river, with a backyard creek and view and yet out of a flood zone. The river saves my sanity daily. So do fireflies. 3. Be prepared for the true flippers to harass you daily. No trespassing signs are a blessing. 4. Get to know the community if you are new. Our best help has come from so and sos brothers cousin who can do this for 75 percent off the big companies estimate and is still licensed and insured. 5. Don’t let agents throw you off. A good agent will help. But know what an agent should be doing versus what they are doing. Our agent sent lists of inspectors for various inspections and not only were none in her pocket we felt but we had a better choice being out of state as it was. We picked our agent based on her response time and honesty, both of which were excellent. 6. Sell as much as you can of what you don’t need . This was our mistake. We brought it all and now it is sitting in the garage waiting for me to sort and sell as I can. I would rather have the space and the cash. 7. Craigslist and marketplace/materials. Enjoy. 8. Insurance is a witch on remodels. Be prepared for that to be your mortgage payment. 9. Don’t let having children deter you if you find dream remodel. Odds are they can be a great help and will enjoy the home even more. Plus you are building something for their future and teaching them life skills. Our 8year old has a wonderful time sanding walls and doing safe demo. Our teen is learning plumbing and power tools. 10. Don’t go into a huge remodel job living in it if you cannot deal with stress, weird things, and other people for long. I had an advantage since I grew up with hurricanes but never expected that in my 40s I would be making dinner on a stove with the sink on cinderblocks next to it and walls ripped out all around. Or that we ALL would be sharing a bathroom when we have 4. Or that I would be so happy standing in filthy clothes with a mask and safety glasses ripping out bad insulation. Good luck to everyone else on their real estate journey.