Thinking of buying a house in NO East and flipping it

If the house is completely gutted you will have to put a good bit in it to get it up and going.

Redoing sheet rock and paint and new appliances and light fixtures is one thing but if you have to put in all new plumbing, AC, and electrical then you are looking at a good bit of money. If it looks the way I think it looks which would be a slab with outside walls and 2x4 walls inside and that is it then a rough guess would be between 75k and 100k depending on what you do to it and how much work you do yourself. Also you should know you will not be allowed by city code to do the plumbing or electrical yourself unless you are licensed to do so.

Flips are hard work. You have to stay on top of your contractors and make sure they do not screw you then you have to have the money to buy the property as well as pay the note on the property while you are waiting for it to sale.