Our units are 1,100 sq ft, all hard surface flooring, solid surface counters, S/S energy star rated appliances, in unit W/D, screened lanai, high ceilings, loads of storage all with an contemporary open floor plan.Had been researching this for  over a year.

This is for a 1,200 SF ranch with 500 SF finished basement.New 2.5 ton AC unit & coil - $2750 Replumb entire house (1.75 baths) - supplies, wastes, & vents (excl. fixtures) - $5300Rewire entire house & garage to code - new panel, service ok (excl. fixtures) - $5300Paint interior 3 colors (walls, ceilings, trim), incl. removing some wall paper, most surfaces required 3 coats, incl. paint utility basement walls & floor - $4650I'm in a medium-sized midwestern city with average material & labor prices.

on the surface those are very good numbers.  

I'm no expert and realize I've only scratched the surface but what are some options.

Tenants can destroy it in 6 months.Use some type of hard surface. 

Usually the electrical and plumbing is a cost problemOn the surface $90,000 for the property and $1,500 rent is very good.  

several major issues surface. 

Sorry for the angle, the damage to the below 2 vinyl tiles goes about 3-4 cm underneath the surface of the floor.

On the surface yes, the numbers may appear to be tight, first my ARV is conservative. 

If you have a business plan and want a certain return and the property appears on the surface I would continue to the next phase of putting a contract on it and doing your due dilligence.