The first story is cement block, and the upper story is wood siding. 

My single family I bought with a government insured loan had a 2X4 ladder to the second floor (no other stairs) limited counter space, no dishwasher, old stove, only a stand up shower, and bad flooring.

Peeling paint, cracked window, wobbly handrail, crumbly cement steps, temporary (adjustable) lally columns, knob & tube wiring, etc.3.

High end add maybe another 20k to Reno for adding 2 bathroom down stairs, apox floor spray paint ceiling.If this is still a good deal, I am wondering how much money should I sink into this rental.

No one seems to want to walk 3 flight of stairs to a bedroom.As for the rentals, i don't think the garage makes any difference, especially if that is a townhome.

Mostly cosmetic items in my opinion (new flooring, painting cabinetry, fresh paint, electrical and plumbing fixtures) etc and one bathroom is having a completely new tub, shower body (+ finishes) cement board walls, waterproofing and tile work. 

Also I would like to separate the stairs going from top to bottom level.

We're planning on laying LVP/EVP or laminate, but I'm also rebuilding an internal staircase.My question is: for anyone who's run into this, how do you go about laying the floor for the stairs.

She also said that her two years old child is constantly inhaling smoke coming from the second floor, and she is afraid the Pitt bull may harm her child as it is sometimes let loose in the stairs and the back yard.

@Ashish AcharyaGive me a shout post 4/15.Right now I generally get on BP in-between clients to de-stress a little.Not a good time to get into a debate and dive into code sections.Perhaps my most recent example was too hasty reviewing the regs right now...The "-3" reg defines structural components by reference to Treas Reg Sec 1.48-1.The term “structural components” includes such parts of a building as walls, partitions, floors, and ceilings, as well as any permanent coverings therefor such as paneling or tiling; windows and doors; all components (whether in, on, or adjacent to the building) of a central air conditioning or heating system, including motors, compressors, pipes and ducts; plumbing and plumbing fixtures, such as sinks and bathtubs; electric wiring and lighting fixtures; chimneys; stairs, escalators, and elevators, including all components thereof; sprinkler systems; fire escapes; and other components relating to the operation or maintenance of a building.We know that a building and building structures are a single unit of property.