Or any other type of special financing that I have not heard of.

What type of career do you want to pursue?

Just trying to get as much information as possible since this will be a huge leap for us into this type of investment. 

Leather is a living material and it will dry out and crack if not maintained.Microfiber is a good choice like @John Underwood said.

You can also check online resources like BiggerPockets or Roofstock, which offer general CapEx guidelines based on property type and age.These methods should help you perform a solid preliminary analysis.

To remedy that, the carpets should be ripped up and sealant applied to the subfloor, at minimum.There are also tiles in the smaller upstairs bathroom that are lifting up and creating a safety hazard; putting a rug on top is not a sufficient solution.The house is in a condition that materially interferes with the health of household members.

For tax purposes, it’s about whether you pass the 750-hour rule, the 50% rule, and meet the material participation requirements.

A critical piece of info here; what type of property is this? 

Here's a few examples:Does the lender release for materials on site or do they have to be installed? 

There are certain screws allowed for use in hangers and other Simpson type hardware.