I have come across a potential investment with a legal basement 1 bedroom apartment, these are fairly common in the area and I'm not a big fan since every 5 years or so there seems to be some type of water event and I can't think of a crappier situation then a tenant's unit knee high in raw sewage or water.

But that comes at a high cost.For pricing, i'm a BIG fan on Wheelhouse.

I am looking to spend roughly $3-5k on everything from tile, fans, blinds, door locks, kitchen cabinets, oven, fridge etc.Thanks for your advice!

My name is Jozo and I am big fan of Bigger Pockets.

I agree, have the unit checked out,  moisture is somehow not venting out properly, A/C units, bath fans, vents or maybe you just need to add extra vents so the moisture can escape faster. the air needs to circulate and whatever is causing the issue, it's is close to the area where the mold is appearing,You handled the situation correctly the first time, I'd check with the company that did the work prior and see what their take is.

The oppurtunities i am looking for include multi-fan. acquisition and fix and flips to build capital. 

There is just something about real estate that leaves me so captivated. 

Do you know how to fix plumbing issues, install new locks, install ceiling fans, stuff like that?    

That will still leave us with $20k in reserves in case it all hits the fan.

Fans & light fixtures were purchased from Wayfair.com using a designer discount.