Tile and laminate flooringOccupied by tenants who are paying 1800/month each and pay all utilities and take care of yard maintenance.Landlord pays water/sewer which is 190/monthIm thinking of offering 450k with a 20% down payment in cash of around 90000-100000 and carrying a 30 year loan with a mortgage payment of around 2075/month (tax and insurance included).It seems it would cash flow 1525 a month before accounting for maintenance, capex, and vacancy percentages.Am I calculating this right?  

2. main bathroom: the toilet wasn't flushing and will most likely need to be replaced. the tiles on the floor and along the wall were also showing signs of coming off and will need to be replaced. 3. flat roofing material has aged and will most likely need to be replaced soon. 4. water heater is working but has met its life expectancy; will need to be replaced soon.5. water supply piping has started rusting in certain areas and will soon need to be replaced6. radiator in the main bathroom on 2nd floor not functioning7. oil/water boiler has met life expectancy and will need to be replaced soon8. chimney shows major deterioration/damage from exterior and needs further inspection9. wood framing in the rear of basement shows evidence of rot. the kitchen is directly above this area of the basement. extent of damage could not be determined due to insulations and will need further inspection10. pavement in the back of the property have cracks that are leading rain water towards the house. we were hoping to renovate this so that the water is diverted away from the house.

I didn't see any chipping paint, asbestos ceiling tiles falling down (ceilings are sheet rock) or 9x9 flooring tiles in poor condition that would cause anyone harm.

We recently installed a new drain tile system after there was a flood in the basement. 

Your average roof in anytown USA is going to be in iffy condition, meaning a pro can go up there and say you've got 5 years of life left, you need flashing, you have some slipped tiles or whatever. 

Flooring - easy, tiles a pain but can be done, take your time. laminate and vinyl super easy, even hardwood isn’t hard.

He has to replace one row of bathroom floor tile that was up against the tub.

When I am done my day job, I want to be on the floor laying tiles, cutting wood, etc etc.

For cracks I use sanded grout ,the same stuff you use for tile work .

I definitely think the bathroom could be completely re-done with different colored tiles, and a new floor.