Insurance typically covers only the directly damaged area, not undamaged flooring, even if it's continuous.

Nice wood floors but ugly kitchen and baths.  

Quote from @Josh Otero: Hi BP community, I know you've got some crazy tenant stories and I want to hear it.I'll go first:1) I was managing a 5 story apartment building and a dog fell off the 4th floor balcony because of the owner not paying attention.

Can you arrange for counters, floors, painting other “basics” without him tacking on his 20%?

floors?  

The property has two residential units on the second floor and first floor is a retail space.

Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.

I was told that a ground-floor condo are better than a second floor condo ( If there's no elevator and Stairs are present).

On Monday afternoon, the PM had a cleaner go to the house just to check and see if the water was still not working, which it was not.On Tuesday, the plumber got to the house to find it had been flooded due to running water from a sink faucet in a 2nd floor bathroom.

It is to get you to reduce the amount of time you waste looking at deals and knowing what is good and what isn't good for a deal.You'll also need to know the area comps, are people putting in wood flooring or LVP etc.