We plan on replacing the flooring and possibly new kitchen countertops. 

The first house that I bought was 17 years old, 3 br, 1.5 bath, brick ranch house with hardwood floors, Andersen windows, ceramic tile baths, gas heat and a brand new roof. 

Hello BP Community,I am designing contemporary mountain 2 bedroom / 2 bath cabin in Ohio with a lot of tourists interest year round and four season weather.Here's some amenities that are going to be in the cabin:hot tub on 2nd floor with walk out from each bedroom;wood burning fire place in great room;nice fire pit outside;debating: is putting soaking tub with electric fireplace will be a good investment?

(Previous rent was $1,300 but we're about to put in a brand new kitchen from the studs, new flooring throughout the house, new furance, adding A/C, etc).So do we just pay for it all upfront and mostly drain all of our savings, or do I let the rent pay for it and utilize our other savings to get a second property this spring/summer to increase our cashflow? 

Basically, one of the floors was just empty, and they installed a new kitchen and bathroom.

I would say to expect a floor rate of 6-6.50%

As mentioned before, stairs were broken, floors were moldy, etc. 

-Both homes have new windows, kitchens, baths, flooring, electric, solar, landscaping, you name it, with custom tile and woodwork. 

Typical renovations include:Cosmetic Updates: Painting, flooring, kitchen and bathroom upgrades, and landscaping.Structural Repairs: Fixing any underlying issues such as foundation repairs, plumbing, or electrical updates.Efficiency Improvements: Adding energy-efficient windows, new HVAC systems, and better insulation to increase the property's overall value.The goal of the rehab phase is to increase the property’s market value while making it an attractive place for tenants.

It helps to make connections with your local flooring, tile, kitchen design studios depending on how high end you want to make your flip depending if it is in a HCOL neighborhood.