House needs - New furnace, new flooring or carpet in basement, and some other cosmetics minimum - $10k to $15k repair estimatePotential rent in my market would be $1,800I could also put a little more into the home and flip it.

I've leased many times so know what to say to tenants - the pet discussion was thorough and often - we even delayed signing the lease as i was told by Mr tenant that his wife may want to buy a yorki-poo - (I was ok with it at the beginning but my policy is a higher deposit and I meet the dog) he finally tells me during our leasing process he does not want a dog and is deadly afraid of them and they will NOT have a dog in the house.The PM i'm partnering with in my business goes over today to do a property inspection - they hid the pitbull but the Yorkie-poo was found in the downstairs bathroom with a kennel and pee pads (meaning it's not potty trained) - I despise these little dogs as they will piss all over the carpet and since they're so little the tenants wont care or find the mess and clean it up. 

How much are you willing to spend on new carpet, window seals, new hardwood, dry wall to avoid replacing the forced air system?

Especially if there is a good in door out door flow at ground level.It would be smart to lay a good carpet and underlay on the upstairs floor to minimise noise.  

owner has not rented it out this semester due to do some rehab, actually did most of the bathrooms and they are in good shape, carpet is awful, needs paint, kitchen cabinets and better lighting. lower level apt needs gutted due to toilet leaking from above. here are the numbers:purchase price 330krents last semester avg=333/month, did not rent over summer, "I let them just leave their stuff til the next semester", my friend was seeing RED after this statement...expensesrents (if occupied at 333)=3663/monthtaxes 2200garbage =100 (actual quote from WM)water and sewage 525electrical=passed through to tenantPM=started looking, but quotes at 8-10%insurance= 300 (est.)planning on ripping carpet out and going with vinyl hardwood throughout, new cabinets in kitchen and paint, fix lighting and general clean up. plan to get rents up to 500-550 month, lease term 1 year. interviewed PM and he said they take one month's rent for placing a tenant, is this typical?

Homes in the area have hardwood flooring in main areas, tile in kitchens and carpet/plank flooring in basements and sometimes carpet in bedrooms.The house is a raised ranch/bilevel.

Mine run about $30 after deducting the carpet shampooing fee from the deposit per lease.

Average rental price for units if i would rent is $667 each. 2nd home, 3br 1 ba Townhouse built 1965. aluminum siding, previously attached, now detached burned in fire 2003. completely remodeled after fire, previously had fireplace but deleted and closed shut. hardwood flooring living and dining area, new carpet in bedrooms, possibly need to redo sewage piping and minor. priced at 43,000, taxes roughly 2500 as well, tenant currently pays $830 rent. i appreciate the time to look and help, i have pictures and can get more info if requested for any mentors here, if anyone can assist with any guidance or info at all i would really appreciate that and learn as much as i can!!

The ceilings were almost brown, the carpet was full of burn holes and drink stains next to his easy chair.

People tend to fall in love with nice hardwoods as well if you can find a place where there's hardwoods underneath the carpet waiting to be refinished that's a nice bonus.