Here’s a breakdown of what I did and the costs: Labor. 29,176.53   - New Railing and Spindles– Exterior of House- Remove damaged flooring- Refinish and Stain Hardwood Flooring- Install Vinyl Plank Flooring on Floor 2- Install ceramic tile flooring in baths and Unit #1 kitchen- Paint Interior (Walls / Ceiling / Trim)- Install New Kitchen Cabinets Unit #1- Paint Kitchen Cabinets Unit #2- Subway tile kitchen backsplash and Unit #1 shower- New Plumbing throughout house toilets / sinks / garbage disposals / tubs / faucets- Install new light fixtures and recess lighting in kitchens- New doorknobs and hinges throughout- Replace electrical outlets and switches Materials - 2 Apts (Home Depot)...............$8,201.93Stainless Steel Appliances – 2 Apts (Lowes)....$3,300.00Quartz Counters – 2 Apts ............. $1,800.00Electrical repair / rewiring ............ $2,696.20Replace hot water heater................ $1,025.00Install Central Air Conditioning and upgrade heat........ $9,000.00TOTAL............... $55,199.69Gross Rents: $2,125.

It's hardly a stain on reputation.

We have an account where we set aside the funds to "self insure" and then if there are damages under $1000, we just take care of them rather than argue with the guest about stains on towels and minor stuff like that.

Did you use prefinished flooring or sand n stain?

Should I go with a stained concrete or pull up current carpet and relay new carpet?  

@Cervi I'll pass on this deal cause once you pull the carpet & padding up the stain of urine still my be on the concrete or the wood floor. 

There IS a learning curve with this and cleanup requires more attention to remove the sticky residue, but it need not be sealed and will not absorb dirt and stains, making it much easier to clean.

-Every single carpet had stains all over it (most came out with professional carpet cleaning except the paint and bleach stains).

Hey guys,I have a lead on a property to wholesale (I'm brand new to wholesaling) I think I can get it at 70% of ARV but am worried that the work needed -- I don't know if it's ever been remodeled and has some water stains in the ceiling  -- will be too much for a flipper to take on for the profit margin.

We could tell it had been doing it for years since the floor joists had water stains and some mold.