Main floor has 3 bedrooms and a full bath.

Construction materials: Frame, no basement, roof: asphalt shingles, Floor: Carpet on stairs and bedrooms, LVP: Kitchen and living room.

And it's not rocket science to sheetrock, floor and then re-trim. 

A typical turnover can be a month or 2 of vacancy and $2-10k in make-ready costs (cleaning, paint, flooring, appliances, towel racks, vanities, etc. that gets beat up and broken norma wear and tear). 

If its a paint and flooring renovation that is a much different risk profile than a complete gut job.

New hardwood flooring throughout.

We are looking to partner with local event planners and corporate travel bookers to help fill weekday gaps and potential book the entire property (3/3 on each of the three floors).

Perhaps not, but if I owned a duplex and moved someone in on the top floor for a $3000 security deposit based on their previous history, and the bottom floor for $2000, and they speak to each other...why even take the risk?

Fixed up/separated basement and upper floor with separate entrances and created 2 addresses.

However, the flooring was just into the beginning stages of depreciation.In 2019 I did some rehabbing and replaced all flooring with waterproof LVP throughout having paid about $3586 for materials and installation.