The Smiths purchase the house and then upgrade their countertops for $10,000. 

If you lay floors under the cabinets, good luck replacing or repairing the floors without also ripping up the cabinets (and countertops, plumbing, etc)

I have a person for kitchen cabinet/countertop work, looking for general contractor can put electrical, bathroom together; carpenter/painter as well as on going maintenance.The quotes I got are either ridiculously high or they are booked till next year.

You have to find that sweet-spot where any rehab work you do puts money in your pocket and is not money down the drain.I know markets where adding granite countertops won't get you $1 more in price (although it may sell faster) and other markets where granite adds a lot of value and it is hard to sell it without.  

Especially if this is a smaller SQ FT of countertop.

Rewire, refinished hardwoods, new countertops, new paint, added a bedroom, put vinyl floorings in apartment.

But there is something i cant decide on and thats wether to put laminate or granite countertops.

*new roof*interior and exterior paint*new flooring*updated electrical system*opened up doorway between dinning room and living room*all new kitchen (cabinets, stainless steal appliances, granite countertops)*trendy board and batten window shuttersThe top selling points were the beautifully tiled bathrooms and kitchen backsplash.

It's tough to do a complete upgrade to an occupied unit so in this case you do the easier stuff like plumbing & lighting fixtures and appliances, window blinds, countertop resurfacing, pretty much everything but flooring and paint which can be too disruptive. 

But after all, he made a great decision and it was amazingly profitable.Numbers:80k Purchase – cash 35k – Reno Roof, siding, paint inside and outKitchen cabinets and countertop resurfacedPlank floor New tile in bathroomRepair electric and plumbingHome staging 1% of sale price6 month project 165k sale price less 6k closing costs44k Profit Regrettably, this will probably be the most profitable flip I am involved with for the foreseeable future.