Consider the tenant pool (neighborhood class), property damage, and think about future capex and repairs.

. $300 will convert on $500 or more for repairs and additional costs.You have to find a good deal and partnering with an agent to help you achieve that is key.

I put in ~$500,000 in repairs, upgrades, furniture, etc and converted to a 4 bedroom. 

Are you ready to deal with tenants, handle emergency repairs, and manage the day-to-day running of the property?

The numbers are all based on things like vacancy, repairs, capex, interest rate used and more.

What kind of flooring would be best and should I have her assist in funding the repairs?

Getting into the story behind this one..This deal was sourced from a large corporate wholesaler (no names) Originally listed as 179,999 as a "wholetail" deal with an "ARV" of 250,000 I walked the house and estimated it needed little in terms of repairs, though I knew a realistic ARV was between 215-230 However, there were tenants in the house without a lease agreement with the current landlord.

I have a maintenance reserve account I fund with over $3,000 for repairs a month.  

You should be at 2-4 meetups a month to make the connections.How are you doing your repair costs and ARV valuation if you aren't sure how to dispo?

A price that allows me to repair it fully and still get value after I have repaired it.