Help analyse my First rehab

[Harry Wilson]

Hi there people, we bought three distressed properties in Orange NEw Jersey recently. 

It's two blocks away from a train station, and there are 4 new large apartment complexes being buildt close by the train station.

The nearest listing for rent in the area is around 900+ for 1 bd 1bath apt and is the same style as ours will be.

I'm a complete newb at this other than having DIY skills, books and BP.

So here's the things I need help with, 

The floors in one house are sinky and flex when you step on them, and so are the stairs of the other. I'm not sure how much it would cost to get some new wood under the carpets and stairs.

I also need to fit separate meters for water, gas and electricity for each floor and have no idea who to contact.

And I'm going to be getting appliances off of craigslist, what appliances are a MUST and what is just  a nice extra? 

Other than that it's just general cleanup, painting some mirrors beds appliances and maybe carpets.

And then for moving the tenants in, I will be listing on Craigslist, needing one month security, month to month lease, proof of work and listing at 800  per bed room or 1,400 for each 2 bed apt.

There is also a large lot next door, our original plan was to demolish all the buildings and build apts there, that may happen in the future but we want to get it cash flowing as we are loosing money at the moment.

Any help or advice on anything is greatly appreciated