To add to @Lisa Hoover, I replace flooring in my condos with a Vinyl laminate "hardwood " floor.  

Hardwood floors or new carpet (a step or 3 above the contractor grade most investors put in their units).The best part is, most investors are lazy and cheap, its not too dificult to do a much better job than them.

I intend to rehab it and sell it but I am wondering if even with the upgrades I am planning (roof, hardwoods, appliances, etc.)

It is linoleum over hardwood floors.

His estimate is 5K.The roofer also starts next week, 5K as well.We have purchased all the hardwood flooring on clearance $1100.

These rehabs had granite countertops, hardwood floors, cermaic tiles in bathroom and all but one took a very long time to sell(this was a cape cod in july not really a good comp)This one is around the corner from you and its been on the market since march I think rehabbed. 4110 72nd ave.

What did the person who sold at $240k have- Did they have granite, did they have hardwood floor, did they have cermaic tile in bathrooms and new vanity with granite tops- Thats the first thing you need to do.You need to know where you need to be to accomplish $260k- obviously the way your house is now does not accomplish $260k.So for example if the house that sold for 240k took 150 days to sell but had regular countertops put granite instead.

All told our mortgage, tax, and insurance payments come out to about $750 and if all units were rented out we would pull about $2000 a month.As it stands now we have one unit rented and our roommate pays us $300 a month, so we still cover the mortgage even with 50% occupancy.The house definitely needed some TLC when we closed.It was pretty much trashed, but the previous owners left a consolation prize of steaks and a case of beer in the fridge.The cleaning was a process by itself that included the excavation of about 3000 lady bug carcasses.We also gave the house a fresh coat of interior pain, re-plastered the ceilings, ripped out the old carpet and revived the original hardwood floors, fixed the roof, installed fans and a washer dryer set, and replaced several broken window panes.

B ClassSFH 3/11800 square feet (addition done on the back)Large Corner LotNo garageBuilt 1959Located in Center Point 35215 area codeIrwin SchoolsPrice $70,000Rent $850New roof, hard wood floors, new HVAC.

It will have hardwoods in the common areas; LR, DR, kitchen, office and carpet in the 4 bedrooms.