I'm surprised to see them resurfacing right now before another recession. 

He took pictures of every single detail behind the door, any minor issues with the walls and mentioned that the entire house needs paint, I need to resurface the bathroom tub because it is hazardous, all faucets and bathroom showers need to change.

One house needs new roof,2 deck surfaces will need to be removed and resurfaced,Repair drywall damage, Scrape ceilings in four bedroomsReplace 4 windowsPlace new weather stripping on four doors, Install 4 new fan lights (I provide those, he will do electrical).So the second house is 10 minute drive and by the time we got there he gave me a bid of $39,500 for the first job.

I would try to keep the counter if I could since it is a rental or do a resurfacing.

I think this would have put you in a situation that you regretted later.If the deal resurfaces, I would recommend you move forward only if the previous owner is out of the property.

If you have a roof that needs to be replaced, parking areas that need to be resurfaced, HVAC systems on life-support, etc. you'll likely have to come out of pocket as your cash-flow wouldn't have yielded adequate reserves.

I had the lender require that we resurface the parking lot for $2500, which actually cost $11,000.

You could do a gentle grade remodel, like, fresh paint, resurfaced cabinets and vanities, and new, bright, LED light fixtures.

I completed the repairs listed plus resurfacing a pool, paint and flooring for around 6k, rounding out a nice profit for me and getting more money to the seller then through OD.