However we’re human and you seem like a compassionate one.I’ve found success by having an honest conversation with the tenants, and laying out a clear timeline.

Sure, who wouldn't want 1500 extra bones laying around, but there's quite a bit of risk with a beach side duplex sitting right by the ocean.

On whether or not you will qualify, you might just talk to a lender and lay everything on the table before getting a hard inquiry on your credit, then you will decide if you want to move forward. 

Here is the flooring we went with: Pergo San MarcoThe texture and coloring is forgiving and the durability for water allowed us to carry the flooring into the bathroom, which saved us on cost of tiling!

I know for a fact there are several videos laying out the ins and outs of them.

Currently, I have a few smaller projects on a couple of houses: carpeting/tiling floors, painting walls that contain LED paint, installing A/C and heating system, installing light fixtures, installing appliances, making sure electrical wiring is safe, installing recessed lighting, insulating/waterproofing medium size room in the basement.

If i am sure that I will go the Rent strategy, I would spend a bit more to put in more durable finishes such as tile flooring potentially higher grade countertops and casework, etc, compared to flipping.

All tile floors setup to be very low maintenance. old bIIldIng but most of the major work/ repairs have been done.Building is very near a redeveloping area, in 5-10 years should be a much nicer area of downtown, but they will still be low income apts.Its unique in the fact that it is surrounded by new buildings so it is its own ecosystem, if that makes sense.. problem is that ubless you dropped serious money into it its always going to just be what it is. low income. very small spaces, would have to empty entire building drop 100s of thousands on it and re rent with new image..

These properties will cash flow $200-250/mo so you'll make at least $500/mo with that extra $30k that you have laying around.

I’m just trying to better understand the lay out of a deal.