Hardwood floors or laminate?

The "put back" was to include mostly new plumbing and electrical, which were assumed to be junk based on burst pipes + mold/water damage (and to be conservative because the house was winterized), solid wood kitchen cabs, granite kitchen counters and bath vanities, stainless appliances, tiled baths, hardwoods throughout, 28 replacement windows,  interior (obviously) and exterior painting, 100 feet of fencing in the backyard, and a few thousand dollars for landscaping considering the yard consisted of dead grass and stumps.  

Set to close Oct 31st, here are the details (I am sure I will leave out a lot of details but this is the basics):Purchase Price: 53.5kRehab Cost: 13.5k (paint, carpet, redone hardwoods, new cabinets, tiled bath and shower, new light fixtures, garage door, new deck, new windows etc etc...this number includes re taxes as well ) I saved some money by doing a lot of the work myself..some painting, demo work, landscaping, etc.

Full rehab: paint walls and ceiling, refinish hardwood floors, repair and stain decks, dishwasher, and new windows. 

Finish the hard wood floor needs new carpet and fix the cabinets.

Here are the updated numbers:Assuming 50% expensesCash Flow = 962/month (11,544/yr)COCR (11,544/128,250) = 9%Assuming Proforma numbers:Taxes = 417.50/monthElectric/Water (common areas) = 75/month (tenant covers rest of utilities)Insurance = 108.33/monthLandscaping = 80/monthMaintenance = 169/monthManagement = 338/monthVacancy = 176/month--------------------------------------------------------------Cash Flow = 1797/monthCOCR = 16.82%The apartments are pretty luxurious for the area so vacancy is low and this is a complete renovation, new plumbing, water heater, furnace, kitchen, bathroom, hardwood floors, ceramic tiling, ect.The overall area is not good (Greater Grand Crossing), but it's not a war zone.

Ripped out the old carpet and put down fake hardwood vinyl, and repainted. 

The one the old man lived in was built in 1880, has about 1900 sq/ft, original hard wood floors, some antique furniture, approx. 7000 sq/ft lot, but the home is in horrible disrepair.

We are using vinyl plank systems, refinishing existing hardwood floors, and or tile throughout.

New hardwood floors throughout main level, new kitchen, removed wall between dining room and kitchen, recessed lighting, new tile work and fixtures in bathrooms, drywall point up and paint, new hvac, new interior doors and hardware, new carpet.