You might have to determine if the wear is too deep to refinish.  500 sqft isn't that much, so it might be worthwhile to redo.  

I'd rather explain why on the phone and you do the math of a typical purchase with pencil & paper as i talk you through it.OK, that aside-- you have a LOT going on so it won't be easy--but nothing worthwhile ever is.  

I imagine I can get there after some experience.This is a property that I could see myself in, if I had to.What are worthwhile returns for you?

There is a group that meets every 3rd Thursday of the month, while they charge a guest admission of 7 bucks I found it to be quite worthwhile http://www.baltimorereia.com/. 

@Karen Harris Karen, if you do decide to move forward without the complete support of your spouse, you might run into more problems in your relationship than it's worth. While

With the 1M in cash, I would need to invest in something else to make up for the loss of rent that I currently enjoy.Math question, how much interest would I need to earn to make this strategy worthwhile?

Just the yearly cost in batteries make it worthwhile!

To make this deal worthwhile to the bank they want you as a deposit customer.

What I haven't seen, but am curious about, is how much does one need for this to be a really worthwhile tool?

For people that want to be more hands on, have the time and energy to deal hunt, rehab, or self-manage, this might not be a worthwhile tradeoff.