That led to uncovering significant water damage throughout the first-floor unit's bathroom, forcing an immediate renovation.

Henry on the Teak wood and lumber aspect.. what is the growing cycle for the hardwoods to become merch ? 

I've got a mixed use building with a vacant 5200 sg ft. medical space on the first floor.

. :) A zoning change can take up to 6 months, approval isn't guaranteed (despite Aldermanic support), and potentially cost a lot of money (architectural site / floor plans & dimensioned elevations, zoning attorney, holding costs, etc.) 

In fact I had one done that size over the summer from some real slobs who moved out, and it required an inordinate amount of deep cleaning including almost one full day just on the filth of the kitchen floors, and it was $400. 

Always be cautious of what you charge on things like paint, flooring etc.. most judges will use life expectancy and divide out a pro rated amount you could charge the tenant for excessive damage and not normal wear and tear 

We redid the flooring in the entire house, paint, new light fixtures along with completing a full bathroom and kitchen gut. 

Basically, one of the floors was just empty, and they installed a new kitchen and bathroom.

The first showing had negative feedback and potential tenants identify issues with flooring which Evernest never brought up to me even thou they did a walk thru prior to listing going live.

She immigrated from Serbia, so maybe that is a cultural difference, but my wife was pretty floored.