2000sqft is small?
Actually that house don't look 2000sqft......strange.
Anyway, I guess I kinda flipped a house some years ago and made a nice profit on. Hell, I still have that money in the bank. Saving for a house hopefully this summer or next. Just depends! Both me and the wifes credit are not so hot.
Like others said, it takes money to make money. I refinanced my house to get the money to build on, which ended up I had a much better job then and paid it off in a couple years, but I made 50k profit when I sold the house. Cost me 35k to do the remodeling and what not. New garage, driveway, refinished basement and bathroom. Would have cost me a lot more if it wasn't for help from some good friends.