The tiles has to wrap around all the way to the window where it is just tiles-caulk-window. 

Also use this to create a 4" accent strip for the tub surround.- Cabinets: Lowes off the self white shaker cabinets.- Bathroom surround: white subway tile (3"x6" I think)- Bathroom toilet: white- Bathroom vanity: vanity with top.- Kitchen sink.

Purchase price: $58,000 Cash invested: $35,000 Sale price: $145,000 Total cosmetic rehab including, interior paint, exterior paint, new roof, new flooring, new tile in shower, new fixtures and painting basement.

To do:Install vanities, finish painting tub/tile surround, remove/install shower pan & surround, second coat of paint in bathrooms, purchase new refrigerator & re-pipe Units A & B, clean floors/final clean.   

Purchase price: $58,000 Cash invested: $32,000 Sale price: $145,000 Total cosmetic rehab including, interior paint, exterior paint, new roof, new flooring, new tile in shower, new fixtures and painting basement.

However when you are the assignee of a contract (per the fact pattern), you are not the buyer... you're simply the assignee.

I would research migration patterns and pick a county inside a landlord friendly state.

Once you involve tile, especially in the shower, you can expect things to slow down significantly.When working alone, as I usually do, my small-bathroom renovations take about a month and involve a lot of tile.

Fixed floors like tile cannot be and have to be depreciated unless they fall under one of the exceptions such as de minimis.

Leaking toilets not installed properly, gaping hole in roof, holes left in siding, tile laid incorrectly which will need to be replaced, not installing the back splash properly.