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I have a job where I am pretty much a hired gun. I could cut back to 50% of my current hours (or any percentage) pretty much at will.

I have done a fair amount of renovation work, including kitchens, electric, plumbing....I have a good eye for knowing what major from minor.

Is buying distressed propertys, sinking 15-20k into renovations then flipping them a realistic idea? I would not need to make much to beat my current income, which is pretty low at the moment.

Is the following scenario realistic?

Purchase a $300 distressed property. Paint every surface on the house if needed, replace carpets if needed and deal with any major ugliness in the kitchen. If I put in 15-20k, is in unrealistic to think I could sell it for $350?

Any comment appreciated, along with horror/success stories.