As Leo points out, with the leverage you have, at some level of price appreciation your investment will work out ok... but your time horizon needs to be 5-7 years of 2-3k/month if there's disruption in the market.

Otherwise, for both units, its pretty much new flooring throughout, new kitchen, new bathroom, outside paint job, and restoring porches on both levels. 

Putting at ground level DIY $3000, if duct work needed $3500.

Do what makes sense for you, your goals and comfort level.

The top realtor will do all the above and understand their client's skill level and financial situation and break down deals that best fit their client's needs.  

Here's some context:I'm looking at a property that I would put some work into and attract high quality tenants (such as a small family) on the two upper levels while I live in the basement that has a separate walkout.  

There are legal reasons to form an LLC, and then there are tax reasons.A single-member LLC is by default taxed as a "disregarded entity" at the federal level. 

@Rory Samuels the best way is to get the house at a level where you can pull money out.

The biggest flaw is there is a steep learning curve and a lot of the functionality is built for communicating with clients (homeowners), which isn't really applicable for flipping houses.FlipperForce/RealeFlow/FreedomSoft/Fixters - These are real estate specific softwares with varying levels of project management features & functionalityMicrosoft Office / G-Suite

If you want to take your real estate game to the next level and get into real estate investing, this is the top resource on the Web.Best For Discounted Home Buying Fees: RedFin RedFin is both an app and a brokerage firm.