The house was a hoarder house and needed a large amount of work (Roof including plywood, facia boards, soffit, gutters, underground plumbing, outdoor deck, all windows, doors, flooring, bathrooms, half the sheetrock, retaining walls, etc.)

It was a nightmare with people sharing amenities and complaining one of the parties were being too loud, or drunk, etc.Not exactly comparing apples to apples but that turned me off to trying to do any more shared spaces. 

The “purest” example of cash flow investing is the investor who signs a 10 year lease as a “master tenant” on a commercial building and operates the building generating positive cash flow through releasing the space throughout the 10 years.  

I'm not sure anything is going to change there anytime soon unless you want to share your common space with guests and go that route, as Airbnb traditionally started as.

That is REALLY bad news because dryers generate a huge amount of humidity and those damp spaces are an invitation for mold and wood-rot problems.  

I am a newbie real estate investor and I am doing a lot of the rehab myself and I was wondering what type of flooring long term rental investors use?

I was a carpenter installing floors, never was satisfied knowing overtime was really the only way I could earn more. 

A mentor will be invaluable in helping you navigate floor plans, budgets, and the logistics of permits and inspections specific to certain areas.

In general totally maximizing the outdoor space. 

You can deduct all realistic business expenses, including mileage, meals, allocated cell phone use for business purposes, home office space, etc whether you own the flip in an LLC or personally.