This was all turn-key to begin with but it got my feet wet and now I am investing in Houston, Columbus and working on building teams in Austin and San Antonio. 

I will be putting about 6-8k to replaced the carpet, fix all wall holes, new appliances, paint cabinets, redo counter, redo the bathroom.I am trying to decide between putting tile (18x18) throughout vs tile in wet area + Laminate.  

I have been to exactly ONE wet closing where buyer and seller were in the same office or room.. weird cant see why anyone would do that or recommend it.. very uncomfortable..

Initially, I would like to get my feet wet by flipping homes, and eventually start building a portfolio of income properties.

He has taken good care of the property, but about two months ago I get a call from the building manager that the carpet outside my condo in the hallway is wet and it seems the water is coming from my condo.

If this occurs, quickly dry carpets (if carpets stay wet, notify the landlord).Use the kitchen fans when cooking.Don't run the shower to humidify you home.Avoid using humidifiers unless there is a medical reason to use one.Ensure good air environment in your home to prevent condensation on cold surfaces open windows when possible don't block supply and return registers with furniture keep a few inches of space between furniture and walls don't let parts of your home get very cold (such as closets against exterior walls)Watch what you put down drains to avoid clogging and over-flowsWhen moisture problems do occur, it is critical to quickly report the cause of moisture and to dry affected areas.

The musty stink of money...and wet insulation.

Let it dry and then take a damp rag (not wet) and gently wipe the majority of the filler away.Third, put just a little amount of paint on the area and feather it out about a 6 or 8 inches.  

I currently am getting my feet wet in real estate.

They call it turnkey for a fee, and it can be a great way for beginners to get their feet wet while acquiring buy and hold properties below market value.