Hi all,I just noticed this past weekend that I have a hardwood floor in a 2 bedroom apartment in Ferndale (48220) that needs refinishing.

-Refinish the existing wood floorsMy initial thinking when I bought the property was that it would only take a few months to rehab the home, and that it would be in move-in condition in 3 months, tops.

Logic tells me that if I figure the extra land is worth $200K, that if I refinish this home to rival the others, that I can market it in the $800s.I've considered subdividing it, but it is 30' short of frontage to have 2 homes unless they are semi-detached by use of a breezeway or garage. 

In two years my wife and I made these improvements:- Tiled the floor, refinished the kitchen, paid for granite countertops, installed new lighting,  new ceilings fans,  new hinges,  new door knobs, built a shed, installed new wood on the deck frame, installed new pillars and supporting beams on the front patio, replaced 50 feet of fence, installed a light in attic, repaired and reprogrammed the alarm, replaced almost the entirely both bathrooms, painted,and paid to have 4 windows installed in the bedrooms. 

We are between renting it or selling the property in 8-10 years.We are currently flipping furniture, yes you heard that right, furniture in our spare time, in most cases we buy on marketplace then refinish it and resell it, to help save more toward our real estate investing path.I want to increase my knowledge in real estate investing for another year before going into the first flip, as well as watch the market/economy to time the right buy.My personal real estate goals as of right now, is to either wholesale or flip properties to build more revenue up, then invest in rentals, 1-3 flips -> buy a rental, and cycle this until we have 10-15 properties similar to the millionaire real estate investors model.End goal with real estate is to have the cash flow to retire before 50, and have our networth over 1.5 million.Looking forward to soaking in valuable information related to real estate for years to come, possibly contributing to the BP community as my understanding grows, as well as growing financially!

Insurance paid for a new roof after a hail storm, new AC unit and heat pump. pulled up carpet and refinished hardwood. paint and miner fixes.

Solid wide oak floor that we refinished & all the built-in natural wood cabinetry had leaded glass doors as were the windows. 

New paint and refinishing before rent raise.

We had to treat professionally twice, scrub everything down, take off all the electric covers and vaccuum out the wall receptacles, throw out the fridge, Kilz and repaint, rip out all the carpet and patch & refinish the hardwood floors underneath.

I had never had a Terrazzo floor refinished.