I've seen some posts arguing about design and color scheme choices that are in and out of style in rehabs and flips so I figured I would give my first hand advice.

I bought a property in Houston TX and the inspection report didn't showed up anything.But when we started to fix, the Mold issue came and we had no other choice but to fix it. 

Think of it as a (hopefully not too) expensive lesson on the ins and outs of deposit management; I bet you won't make the same mistake again!

There are so many choices out there that you need to make, and you have to look at what you really trying to do with it, which is asset protection for your personal assets most likely.

Most people will tell you that your second choice can't be done, but the IRS has issued two (2) Private Letter Rulings on point where they did allow the taxpayer to build on property they already owned through a 1031 Exchange. 

I would be shocked if you evaluated this property honestly if it would be a high choice for a rental. 

Generally speaking, however, LTRs command more stable cash flows over time than MTRs or extended stay arrangements, and may be the better (and lower-maintenance) choice for someone just starting out.

Sleek, stainless-steel appliances and durable, easy-to-maintain materials like quartz or granite are always safe bets.

SFH can have more value add options and choice of area to buy.

I would RUN from this 'Contractor', his attitude is bad and you will have other issues with him I would bet...