We negotiated it down from their original asking price of $1.8M but it needed to be a cash deal because the building was 50% occupied and of what WAS occupied was month to month office tenants.

There was a huge cost recently. 

I was wondering if there would be any advantage creating a LLC or business to pay for the renovation costs.

@Clare Pitcher we do 12+ month leases to avoid vacancies Nov-Feb.If we take over an occupied property, evict or have tenancy-abandon a property, we first let the owner know finding a tenant will take longer than "normal".This opens up owners to understanding they may need to:1) Offer 3D tour and floor plans to stand out2) Price more aggressively or be prepared for aggressive price reductions3) Offer MoveIn Specials:- NOTE: we do NOT recommend offering a month of free rent that can be used at MoveIn.

Kit showers or tiling, or tiling the shower (hot mop or tub shower then tile the rest) all are different3) what is the cost to renew the floor with a LVP?

They are free for 1 unit and then costs $9.95 per month for up to 10 units. 

For cash-on-cash evaluation of rental properties, it is critical to identify ALL of  your acquisition costs. 

Example:I need to conduct a warranty inspection on the home this month.

In a seller finance scenario and my new posed scenario can I get both parties to agree to let me start paying 3-6 months down the road after the rehab and I start cashflowing?

In our experience/opinion, there's a direct correlation between these costs and the tenant demographic profile, or Class.