We plan on implementing professional management, charge market fees, do some aesthetic updates to the property, and do a rebrand/relaunch as a premiere multifamily asset in a true "main on main" location.The underwriting is very strong, even with assuming high vacancy in the first year while we bring down units online and in the event not all 12 owners want to stay on as renters.

or do we focus more on aesthetics of the townhouse?

@Parker Eberhard:-)I believe ‘every view should be beautiful’ in a home, and all the talk about ROI means sometimes aesthetics, the arts and serenity are missed.

They were built as such so the rooms should have a better aesthetic as a whole or layout, correct?

The whole aesthetic of the property changes with a few minor alterations.

Unless you're looking in a more recently developed subdivision, the homes in a given area will differ slightly or greatly.When doing comps, you'll need to take into account major factors such as location, bedroom/bathroom count, square footage, lot size, and interior finishes to name a few.If a 4/2 is going for 170k, odds are the 3/1 at 180k is overpriced unless it is vastly superior from an aesthetic or acreage standpoint.

I asked for images of the enclosure he had in mind, since I know some are $100 from home depot, and some are better designed, aesthetically pleasing.

Adding a 2nd story is tough on aesthetics very rarely do they turn out great. 

In our current residence, we built a Cinder block cactus/rose area for aesthetics. 

@Alexandra Garced I personally would not buy a flip from someone who skipped a very important structural repair but put money first into aesthetics.