As for what the house needs, it needs a new kitchen and appliances, remodel 2 bathrooms, new lighting throughout, new hard wood throughout, a lot of wall paper needs to come down and repaint entire interior, carpet the basement and reinstall new drop ceiling in basement, power wash house and refinish outside deck.

I am sure that every HOA is different however do the majority of HOA's cover interior damage cost due to an exterior fault? 

She enjoyed doing the interior design aspects.

There is no interior access between the 2 units.Do you think the appraiser will assess this as a two unit property? 

First and foremost, never put poison in the interior of the home including the attic.

Once I upgraded the interior, and rooms, and started to attract a better quality of tenant than the previous owner, things ran smoother, people stayed longer (6 mos-1 yr), and it became a cash cow vs it's normal use as a duplex.  

We didn't do much to the exterior so it would blend in and not attract the wrong attention, but the interior has inexpensive but modern finishes, brown-grey laminate throughout, light grey walls and white trim, cool pendant lighting, open floor plan, you know the template :) 

--------Overall, we generated quite decent walk-in equity ($36K, 18%), and cash flow rate of 0.95%..We rehabbed mostly the interiors, we left exterior paint and windows, to make the numbers work.Here are the numbers:Purchase: $130KHard Money Cost: $8KConstruction Cost: $24KClosing Costs: $4KTotal Acquisition Cost: $166KARV: $202KRent: $1570 (0.95%)Walk in Equity: 36KBefore:After

This was verified when I dug down on the interior to remove the garden spigot that original builder buried 5 feet down and connected it with an awkward shut off valve that required a key that was 3 feet long!

I am hoping on our next deal they will come down on interest a bit.Ok, so here's what the house looked like before we bought it:So far, we have painted the exterior, all new vinyl windows, new exterior doors, new garage door and opener, installing French drains and a sump pump due to there being a bad ground water issue in the crawl space last spring, new roof, opened up the kitchen, put in a french door, replaced all the wood flooring, tiled in bathrooms, framed in laundry and mechanical, shelves in the pantry, all new interior paint, heated flooring in master bath, can lighting.