Here are the numbers for this project:Purchase Price: $140,999Purchase closing costs: $1,706Materials and Labor: $31,822Holding Costs: $9,019 (includes repayment to investor)Final Sales Price: $220,000Closing Costs, Commissions, and Staging: $14,667Total Profit: $21,788Here are some before and after pictures:Fireplace before/after:Kitchen before/after:These are the major items we replaced/redid on this house: converted the carport into an additional one car garage (not as hard as I thought it’d be), carpet, updated fireplace, paint, updated lighting, appliances, laminate, granite countertops (also added a little shelf to the counter so you sit at a stool to eat), backsplash, painted cabinets, new furnace, new windows, and removed 3 dead trees from the yard.

By October 2016, the condo was mine.Since then, my husband and I have done about $4000 of renovations to the condo (repainted walls and ceiling, refinished the hardwood floor, fixed up and reframed the electric fireplace, crazy amount of cleaning, refinished the sink, put in new blinds, brighter lighting fixtures, etc).  

It has a leaning fireplace (about 2" of lean).

We need to reframe one of the walls in the New bathroom on the first floor with metal beams.Apparently all walls near a fireplace must be framed in metal.

A porch and fire place helps sell a home but does not add a dollar figure value to a home.

As for your concern about a backup system, unless you have a wood stove or propane fireplace in the apartment, don’t you need electricity to run everything anyway?

That will stain over time when wet or from heat and condensation, but that doesn't look like paper the way it flows down.Black tar looking stuff can also be suit, on a brick wall, was there ever a furnace/heater/fireplace in that area?

The home I bought had a one car garage and a fireplace and it was 2 story with full basement and brick foundation w hardwood floors through out and was in an average historic neighborhood.

Don't think the fantastic fireplace will make up for the lack of a 3rd bedroom compared to your comps.

Please keep in mind that there is a fireplace(gas/wood) downstairs that tenant refuses to use.