I went to Penn State and location is certianly important but as long as you are a bus ride away, you will always find students to rent to at great rates, also I found that Graduate students tend to want to live further away, which of course means lower rents, but it also means that you have cheaper prices and graduate students tend to be a bit more tidy. 

Come to think of it LVP would look all right there - and they do run discounts for cheaper flooring, anything would better than what is there today! 

Would it be cheaper to buy supplies and pay contractor hourly or allow contractor to do it all and pay large lump sum ? 

Great place to find cheaper BRRRR deals and Section 8 tenants. 

You could adjust the scope of work in another way to reduce the costs to compensate for this addition perhaps by using a cheaper flooring for example.

… because there was nothing cheaper for them to move to!

A property manager could be cheaper than selling and going somewhere else but you have to run the numbers on the property you have vs what you might buy.

It’s cheaper, and you avoid California’s $800 annual franchise tax.If you form in California, you’ll pay fees in both states (California and Ohio).But I would setup an LLC in WY and appoint your Ohio LLC as the manager of the WY LLC and put it all in a land trust.

My guess. the guy who said less tiles is probably the cheaper option.

I think this poster needs a hands-on helping hand at this point, and it will be a lot cheaper than trying to figure things out on his own.