I think many of us would fantasize about living in a beautifully restored Victorian but I wouldn't consider this a good investment from a rental perspective and banking on appreciation might not be a great move unless you know exactly what sort of shape it is in to begin with a higher maintenance budget.

Clean up several hundred bucks on top of that. 911 Restoration quoted $1,500 to snake and clean up. 

They have engaged a water damage restoration company - seems to be good company that has been providing regular updates.

It is is meant to restore the insured to the condition prior to a loss.

I gave work to Water damage restoration company, which was working on it and had left their fans and dehumidifier running for arnd a week in bathroom and also in downstairs room.

I have no opinion on if paint will get you more rent per month or not, but if you do decide to paint, the restore sells their own mixed brand.

If the Tenant does not return the home in the same condition it was received, minus ordinary wear-and-tear, the Landlord is authorized to use the security deposit to restore the rental to its original condition.

I would get an estimate to restore the garage floor and charge them for the whole amount. 

If you're a car guy it's like Jay Leno telling you not to buy a classic car until you can afford to pay to have a total restoration done on it.

Also rehabs - don't go overboard - yes, we all love nice units, and we want to make them marketable but make any rehab work affordable (restore hardware resller shops, online, craigslist free, ask contractors if they have spare floors/tiles you can buy) youi would be amazed.