Thinking of buying a house in NO East and flipping it

I've had quotes on my house in Gentilly (also approx 1500 sqft) that avg around $100k. Talk to a Realtor about market trends in the area (days on market, avg listing price vs avg sales price, paid-by-seller inducements, etc.) and definitely get at least 3 estimates from licensed contractors. Anticipate work delays, subcontractor issues, cost overruns, etc. And remember that if your general contractor fails to pay any of the subs, the subs can put a lien on your house. So it's imperative that you use someone who is above reproach. The bottome line here, do your homework! One last piece of information...the market value of any property is decided by the buyer not the seller. You can ask whatever you want for a property, but it means nothing unless a buyer is willing to pay it.

Good luck.