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Don't kid yourself. The houses you are going to find that you can walk into and make some decent money will need repairs. If you buy older houses you have to inspect for asbestos and everything else that is updated. I'll give you an example.. I found a half million dollar house on forclosure.. I go to look at the house and the people had torn the house to shit so the bank would lose money. It would have taken about $150-200k to repair it back to build date status.. I wasn't willing to take that kind of repair on.
Sure you'll find some that you can just slap a little paint on and get your money, but don't get a false sense of security because houses can and will bite you in the ass.
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