My house is kinda a fixer upper so let me warn you on some things.
What is, is not always what it seems!
Things can look fine and normal, and even pass inspection fine (get an inspection). But once you start changing things you may find hidden problems or something that the past owner did so messed up that well it is just not fun to fix and it takes more time and is overall just a pain in the bum so you can't move on to your next thing.
With these you have to know there will almost always be a few surprises. If you plan on doing this around work and kids it will take even longer. Painting sucks too.
Lastly, markets may change a lot, but get with a good Realtor, and keep your options open, if you like them go with what they want to show you.
my house is the same. its in really good shape, but it's also 100 years old. the housing market here is so bloated, i couldnt afford something new. if you can swing it, i would avoid a fixer upper as your first house. i would have. i have tou re do my basement next year because the seller painted over water damaged sheetrock...
"the path of greatest resistance reaps the greatest rewards"