He'd like to help, but is concerned about the master metering on the utilities.

@Tom HurfordThe house is 2400 square feet, brick. 4 beds, 3.5 Bathrooms, University Heights, OH (near Cleveland)ARV: $240K-$260K Initial Budget was $58KBid from contractor: $59KMaterials I am providing: $16K (incl 2k contingency) (in bold below)Rough Scope: Landscaping (clean out window wells, remulch beds, trim bushes and trees)- L: $1845Masonry ( Tuckpoint Chimney, Tuckpoint exterior masonry around porch, powerwash brick) L&M: $1200Windows (Replace 16 Windows): L&M:$3600Roof (Inspect Slate Roof): $150Gutters (Replace all gutters): L&M: $1200Deck (Powerwash and stain): L&M: $500Front Porch (Scrape and Paint Iron Railings): L&M: $100Exterior Lights (5): L:$100, M:$200Kitchen (Complete upgrade, counters, cabinets, tile floor) L&M: $11,000, Appliances: $3,000First Floor 1/2 Bath (Complete upgrade,): L:$2000, M (supplied by me):$550First Floor Master Bath (Complete Upgrade): L:$4500, M (supplied by me):$2400Second Floor Main Bath (Complete Upgrade): L:$4500, M (supplied by me):$1800Third Floor Main Bath (Complete Upgrade): L:$2000, M (supplied by me):$1600New Entry Doors and Lockset (3): L:$300, M (supplied by me):$1025Finish Basement walls and ceiling (Frame, drywall, and Trim, 400 sq ft) L&M:$10,000Finish Basement Flooring (LVP): L:$1500, M (supplied by me):$1000Refinish Hardwood (1300 sq ft): L&M: $5000Electrical (Replace outlets, switches, faceplates, interior lighting): L:$1100, M (supplied by me):$1026Paint Prep : L&M: $600Paint Interior (floor (basement), ceilings, walls, and trim): L&M:$5000Exterior Painting (Garage door, house/window trim): L&M:$2500

(month to month leases, student housing etc.) which is part of the reason i want to rent to the LLC so the entire lease is covered through the LLC that my wife would run in terms of qualifying for a refinance since they need master leases fulfilled.

A higher end flip/remodel master bath we are currently working on.

Quality of flooring as with everything else...depends on your investment strategy (buy+hold, flip, etc), market, neighborhood, condition of competing rentals, what rental rate you're asking,...For typical rental, if you're buy and hold in a working class neighborhood, as had already been suggested, I use traffic master allure wood look alike laminate flooring.  

Learn to master one of them.  

Once you master your own market, then start to look at other markets and building relationships there. 

I am aware you could also do a master lease agreement but that seems harder to scale to profitability.  

Just goes with the territory when you have a dream and there are master marketers pitching to you.

Sign a master lease giving you sublease rights to the property along with an option to purchase or a right of first refusal (option with set price would be better).4.