Back to the numbers....Conventional Loan 25% Down: $45k  Amount financed: $135k @ 4.75% 30 years - $706/moTotal Renovations:$16k (I'd say $12-$13k was related to the one unit's rehab - new flooring, new a/c, new fridge, new kitchen cabinets, new toilets, new water heater, painting, new washer/dryer, replacing back door, refinishing tile in baths.  

For example, we originally thought we would refinish 700+ sq ft of hardwood floors (some are in bad shape, but salvageable).  

congrats on your journey. in my experience i have refinished hw floors and installed thousands and thousands of square feet of laminate floors. the issue i have found with laminate floors is if they ever require a repair down the road it is unlikely you will be able to get an exact match for the floor you installed  X years ago. hardwood floors can be refinished several times and look great when done right. you assumption on carpet is pretty accurate. we tend to install a mid-grade carpet (not the cheapest carpet available)  and as long as tenant did not totally trash it we have been able to get it cleaned and in some cases even dyed it a different color if we could not get the stains out but yes we replace a lot of carpet after tenants leave. 

You can have to prefinished floors re-finished for $2 per square foot in 3-5 years when they wear through.

I know it probably depends on the condition and all but just looking for a general idea.I get quotes between $250 and $400 in my area by professionals who specifically do tub refinishing.

If it were vacant I would put around $10k into it right away to cure some issues (mainly cosmetic like flooring, paint, add dishwasher, refinish deck and maybe new tub.  

If so just get it refinished!

I have been a bathtub and counter top refinisher for 13 years now.

Some details:Purchase: $45,000Rehab: $40,000 (This includes 15% unexpected cost)ARV: $150,000Annual Taxes: $4,000Rehab is scheduled to be 8 weeks, which includes kitchen, bathroom, add powder room, build deck, finish basement, refinish floors, paint, landscaping and a few other items.

I learned that the property has hardwood refinished floors, new windows, a new roof, and new plumbing, even though I took a look inside the property and could have known that myself had it not been the first property I ever looked at inside and if I wasn't so focused on the age of the home itself..