Brought in all new electric 7k(moved the breaker to the apartment too), plumbing 5K and am installing new hardwoods 2k plus labor and kitchen cabinets.

Certainly address the mechanicals, you will need to comply with HUD guidelines for health and safety and after that, it is up to you. the following basic materials are for you to consider when completing your renovation, while considering the future implications of tenant turn-over:*FlooringNO CarpetTile wet areas if this in your budget or simply install a resilient Rubberized Vinyl Floor plank systemGeneral areas - either refinish hardwood if existing or a new resilient tongue & groove laminate flooring*PaintStandardize the paint color throughout the entire interior, do not get fancy with painting different rooms different color, just more of a headache to deal with at each tenant turnover*ElectricalUpdated electrical schedule, new outlets and switches you want everything to be nice and bright, you want the wow factor no matter the area or rents, you want everything to be clean and look appealingNew Lighting schedule - consider using LED - it is brighter (better presentation) - more energy efficient and should be a smaller maintenance burned over time.

(It is not warped flooring as it is carpet not hardwood in this room) Does anyone know how much this might cost?

It needs some work. i.e. new kitchen and bathroom, paint, finish hardwood floors, patch the roof, maybe paint exterior...I'm a little concerned because it has well water and a septic tank.

So, I've been in search of my first multi-family and think I uncovered a gem, but I'm still new at running all the numbers so I was hoping to get more experienced eyes to take a look and see if I'm way off base, missing something, or if maybe I did find a genuinely good deal.Here are the main details:2,400 sq/ft brick duplex, 2b/1bath each unit, fully renovated, new hardwood throughout, tenants pay utilities, etc.List price: $79,900Expected purchase price: $72,000Initial investment:25% down: $18,000Closing costs, inspection, etc.: $3,000Improvements/Appliances: $5,000Total cash outlay: $26,000Annual expenses:Property taxes: $750Insurance: $700Annual maintenance: $500Advertising: $100Property management: $1540Mortgage: $3,28310% vacancy: $1400Rents:Going rents in the area for similar properties of this square footage in the neighborhood range from around $700-$950/month.

I did a whole house remodel (full kitchen, new paint, new hardwood, scraped popcorn ceilings throughout) where I staged all the trash in their vacant garage during the month.  

Hi there guys.My name is Quint i'm 35 years old, and moved to Ocala 3 years ago from Amsterdam.Have 2 beautiful kids, little girl that turns 7 in December, and son that turns 3 in September.It was always a dream of me to flip houses, but you can't really do this in AmsterdamWorked my hole life in construction, and I can do a lot myself, help many friends out with remodeling there new house, putting hardwood or tile floors in, put in new kitchen, tile bathroom, take walls down or put wall up.Before I moved to The States I helped a friend with building his dream home from the foundation up. it was just the 2 of us.I found a investor (I'm very happy with this)  and I'm looking for my first house to flip now.Always willing to learn and better my self, and hope I can true this site.Talk to you guys soonQuint Aka Dutch

The rehab consists of renovating kitchen and bath and all else is simply paint and refinish hardwood floors as far as the interior.  

Replacing things like carpet with hardwood, painting, about to remodel the bathroom and things of that nature.

If they actually told people that you will have to bust your but and you may be crying your eyes out while scraping old shellac off of hardwood floors on your hands and knees (true story, haha), I'm not sure how much they would sell.