This means, no electricity and no water as the well can't pump - which also translates to you get one more flush on each toilet and then you are done.  

He earned quick money as a wholesaler, and I have a house to keep)Rehab cost: $20k (vinyl floor, interior paint, new dual pane windows, new toilets and bathroom vanities, lights, new landscape, new AC condenser, all done by handyman, spent some extra money for minor plumbing and electric jobs, hydro jet sewer lines, clean up attic (had mice), added some insulationTime spent: 3 weeks (two handymen for the first two weeks, one for the last week)Value after repair: probably around $440kJobs still need to be done later: some dryrots, roof work (it's tile roof, roof doctor quoted me $9k, handyman said probably $5k, home inspector said $15k you can get a new shingle roof.

Hvac, Insinkerator, furnace, water heater, toilet, fiberglass tub, roof, driveway, etc...Here's a link: https://www.hud.gov/sites/documents/EUL_FOR_CNA_E_TOOL.PDF You might also want to consider a home inspection for each unit with a written report, and a sewer cam report.Good Luck!

I will need to pay out of pocket for visible items like paint, the shower, toilet, vanity, kitchen cabinets, wardrobe, and so on.

Remember your costs will be more for an STR, you'll be paying for a lot of things you wouldn't with an LTR - higher STR insurance, all utilities including internet, supplies like toilet paper, paper towels, dishwasher detergent etc, upkeep on furniture and linens if damaged, yard maintenance and grass cutting/snow removal, trash removal, etc.  

But if its got at least a half bath (i.e. no tub or shower) which is what I'm guessing you mean, then adding a shower isn't too bad since it either has an ejection pit or something that toilet and sink are draining to.But once you figure those two things out.

Hence, they get more money if you pan out.Let's start with the investor-friendly part of it.

My tenant mentioned that there was a leak coming from the toilet in April.

The tenant's sink and toilet in their only bathroom were under repair, and I want to know if the tenant has the right to withhold rent in this case, as the unit may not have been considered 'habitable' during that time.

They could put cement in the toilet, rocks down it, they could refuse to leave and leave you tied up for six months trying to get them out or more.