HelloI have a tenant who is asking for upgrading carpet and flooring, while its not in bad condition, it is getting old (~7 years) - I agreed to get it upgraded. 

Thanks a million, Kristin Hey Kristin, Finding a property that works as both a short-term rental (STR) and a long-term rental (LTR) is a smart approach, especially as market conditions can change.

(mostly cosmetics), what price range that it must fall into at that condition (for the purchase price) and/or what the maximum LTC to ARV must be (in other words the purchase & rehab numbers must not exceed 65-70% of the ARV, the lower the percentage of ARV the better).

The property location, the condition, and the type of students that the property attracts would all go into that.

It can be good to let them know that the terms and conditions of their lease are not being changed.

Property Condition Report: Document the property's condition with the tenant to manage future damage claims.4.

Extend closing and have the condition of the sale that the seller provides the unit vacant.

here is the situation. i left a really good paying job to take care of my 81 year old parents because my dad is chronically ill and my mom is almost there. i wont go into too much detail, but my sis doesnt help them. ill leave it at that. we have a person who comes twice a week to help with cleaning and other household tasks. i carry the bulk of the weight cooking their meals, running errands, grocery shopping, picking up meds, and taking them to dr appointments. its a full time job. i get a small salary of $1000 a month from a care giver sub contractor for the VA. ive been paying my bills with what savings ive had, but only have a few months of funds left. i own a duplex. i have over 200k in equity. i live in texas and texas has weird laws about refi and heloc/heloans when the property is 4 units or less and owner occupied. i would rather not sell, but if thats my only option i will have to at some point.does anyone have any advice or possibly be able to point me to lenders who might be able to work with my situation?

I charge a $500 deposit or a $25/m pet feeBut I have a condition...I tell the applicant that I usually do not take pets, but I do make exceptions.

Like Chris, very sorry to hear about your condition.