Mina and Karen pose for a pic with potential home buyer, Ryan. For this project, the Mina and Karen splurged on a corner-lot home in the established Fletcher Place neighborhood, an area that contains many vintage homes and is zoned historic. In some ways it's a less risky venture than their other flips — since the property values in this area tend to be more stable. But the initial purchase price was higher than what they typically pay, and renovating in accordance with historic zoning requirements can come with its own special challenges.

The newly remodeled living room features new engineered hardwood flooring in dark finish, a cool blue palette and modern styled furnishings. "We added some mid-century style chairs and a low industrial glass coffee table," said Karen, "so it fills the space well without making the space feel overfilled."

The footprint of the entire house is tiny, so all the spaces are naturally small. The kitchen, which in Mina's new floor plan is moved forward and contiguous with the redesigned living room, is compact but efficiently designed and laid out with plenty of storage and counter space. 

Mina and Karen purchased this house in the Fletcher Place neighborhood for $65,000. It came with two bedrooms, one bath, lots of closets and the kitchen located in an addition at the rear of the house. Prior to the renovation, the exterior was painted a dingy yellow, the wood siding was rotted and there were foundation issues. The renovation estimate at the outset was $125,000, and Mina hoped to be able to put the house on the market for at least $230,000.