It needed a new roof, new septic tank, water heater, well pump, hardwood floor refinishing, light reno in kitchen (paint cabinets, replace countertops, 1 new appliance), full bathroom renovation on 2 bathrooms cleaning up wood rot on siding, painting exterior.

BRRRR - If there are savlable parts (i.e. solid floors, and decent tile in the bathrooms) I will rehab what is needed, refi, and put a tenant in there. 

(FYI, We are trying to build a small (5 to 6 properties), high quality portfolio in the next 5 years, planning on putting 25-30% down)The investment opportunity in question is a new build, single-family home with a 3-bedroom, 2-bathroom layout, accompanied by a 2-car garage, located in the neighborhood of Wesley Chapel, FL.

House is 1280sq ft with 2 bathrooms, kitchen, and laundry in the garage.

These properties will pretty much rent at the same price for the next 5-10 years unless I updated a few of the bathrooms and AC units. 

And it is only 1500 sqft for both units, so rent will be limited based on the small size and you still have to maintain kitchens and bathrooms for two units, which means high maintenance cost to rent ratio. 

Marble countertops, tile floor, touch screen bathroom mirror, etc etc. 

-Analyze the neighborhood where the property is located and figure out what a property of similar size, bedroom and bathroom count will rent for. 

I get that people will open closets, cabinets, use the bathroom, etc. and we are fine with that, but is it normal, and more importantly acceptable for people to let their children do the things they did?

New paint, Floors, Kitchen, Bathrooms, Hardware, Windows, Light Fixtures, and Appliances.