.- Additional subfloor (wood) and cement board (floor) $100- Shower cement board $75- Waterproofing Membrane (I like to do this) $150- Shower wall tile (80-90 SF) $150- Flooring tile (30-40 SF) $100- Tile setting and grout $75- Vanity with top and mirror (24" it looks) $250- Toilet, wax ring and feed line $100- Faucet, feed lines and trap $75- Trim $25- Accessories $40- Fan/light $150- Vanity Light $50- *Shower diverter valve with trim kit and plumber to install and help set tub/drain. $750- Screws, adhesives and fasteners (cement board screws, caulk, etc) $50- Paint $40- Miscellaneous $100TOTAL: $2530With all of that said these numbers would be my BASE run, and assuming I was spending my budget amount on each item.

Paint, carpet/flooring and lights.  

Thank you @Todd Dexheimer and @Michael Le@Jeff Greenberg it's a very light value add. most of the heavy lifting had already been done. for this deal it's more about getting a solid, low risk income stream for the investor. in short we'll make cosmetic upgrades to units when they turn in order to keep growing rents 2% to 3% average per year.  

It needed light rehab and within 3 mths I was able to refinance it into a traditional mortgage.  

@Chris Lawson the bath fan is the fan you want to have tied to the light switch or on a timer.

You definitely miscounting some numbers - property taxes are high in FL because there is no state income tax.Management companies charge a lot and don't do much for the money, every light bulb replacement costs you dearly.Unless you plan to move there and do your own PM, that's to going to be a good project

There were a few aesthetic lighting changes on the 1st floor (get rid of the sconces). later he drew up plans to deal with a problem of the stairs leading to the basement.Oh, yeah.... the stairs.

Hoping someone could shed some light on the potentiality of this idea.

-Christopher I could not agree more I was only trying to give some leverage to move the situation along .There was mistakes on both sides but it is time to light a fire on the problem in light of the pending escrow 

My understanding is that if you acquire the deed to a property through a tax sale that you are required to inform any and all heirs/owners of the property in writing (and possibly receive some sort of receipt of such), and if you miss one heir or owner then they can come back years later and claim ownership of the property.Can someone shed some light on this type of transaction, specifically what are the risks involved in such a transaction?