Or just stay with the old carpet, covering the holes with rugs, esp since moving furniture in and out of the unit makes it difficult? 

Plus, the tenant just adds a rug that they can move for rental to another rental later on for style. 

A rugged renovation (move walls, replace wiring, holes in roof) will likely require hard money or a renovation mortgage, while a light renovation (paint, replace flooring) won't require more than a regular investor mortgage.  

Things tenants could do (but may not do)-add an area rug to dampen the sound and not wear shoes indoors.  

As the contractor is willing to give some little money, who is responsible for the rug?

Ogle has furnishings, decor, rugs, etc.That said, I typically outfit the furnishings in my properties with more expensive things than Ogle typically carries.  

I want to use this line of credit to fund the 20% down and Rehab of a property. the line of credit is estimated $418Kexample: multi-family house costs $700,000.0020% down payment is  $140,000.00Rehab where possible, paint, new rugs, maybe new appliances to update the experience for the tenants. $10K -$15KMortgage loan estimate amount is $560,000.00-at some point I will need to get an updated appraisal of the property with the update value -After Appraisal assuming the updates improve the value of the property, I would refinance to a new loan.the new loan amount would need to be at Least $700,000.00 to cover the original loan amount and to allow me to repay my line of credit.is that correct?

However, conditions have intensified greatly throughout 2021 so far.

Of course not all contractors are going to sweep things under the rug.  1.) 

On our most recent turnover we had planned to do paint and flooring, the incoming tenant said she was fine with it as is-she has rugs.