Looks like I'll be getting a MFH

[Mark K.]

Well, I put an offer in on a triplex and I got a counter offer which I have accepted. So, it appears if all goes well I'll be getting my first multi-family home. I do already have 2 SFH.

The numbers appears to be good. The COC ROI will be 14.88% and the monthly cash flow will be $535.95 after subtracting for vacancies, repairs, cap ex, taxes, insurance and P & I.

Tenants in one of the apartments is being evicted.  In that apartment, once we have closing, I plan to replace the water lines as they are Quest. I also plan to paint the entire place and to replace all floors. 

For the floors, I'm thinking about vinyl in the kitchen and bathrooms, laminate in the living rooms and common areas and carpet in the bedrooms and on the steps. 

Do you think this is a good combination and are there any suggestions on what brands to use?

Thanks for any advice you all can give me.