To address the type of flooring material, first off, if you want a "luxury impression," stay away from the laminate fake wood.I would consult a local expert, but that said, I understand engineered products--with a substantial veneer thickness that's able to be sanded and refinished--are both functional and comparatively inexpensive to install over a grade-level slab.In terms of color, this is always subjective (and depends on what's going on with the kitchen finishes), but I would recommend a mid-tone finish for a flip.

However, I currently work for a very large self storage management and real estate company, so I have gained a lot of insight on self storage, as well as real estate and management in general.Now that I have realized I just created a short story, I think I'll end this exciting tale of the Hero Accountant and the Real Estate Dragon now and let you get back to living life and making millions.

I have no idea what a project like this costs and need some insight. 

I would suggest to go to some Real Estate Investor meet up here in town to get a better insight into the current market and to gain a wealth of knowledge as well.

Lets see if any other people provide any insight.

I agree with Brian, get some expert CPA advice.

@William Collins very insightful reply.  

Mike Messersmith I appreciate your insight.

@Sue Bishop  the note experts on this site do not like partials as there is a debate whether these are securities.I have hypothecated notes to my bank.. of course I was the note holder and the bank the investor and these work well.I notes are kind of the wild west really.. who knows who needs to be licensed what states.. etc etc.probably nothing comes of it until you do it and you end up in a big embroilio  

Would love to hear some expert opinions on the subject, and potentially connect with any one in the Atlanta market.