After 3-5 years on average you have to expect a few things to do and we also take the opportunity to do some upgrades.The range is wide: we just had a tenant move out after 10 years and they left the home in great condition, but had to replace 2 vinyl windows that had broken thermo seals, replace the kitchen vinly floor with LVP and upgrade some of the light fixtures.

The footprint of the building is about 1600 sq feet, so I think I may be able to put a couple bedrooms up there, making a third floor.

As a GC I can advise try to retain control of your finishing material orders (anything where you need to make a choice ((tile, flooring, lites, faucets, tubs)) vs. construction materials (2x4s, mortar, shingles)) because we get those discounts on the finishing items and we keep them!

I would provide the vanity, bathroom tub and shower, kitchen cabinet, flooring, and all the hard wares.

I can give you an example in my market here in Cbus for SFH 1,200 sqft:Roof - $7k to $9k Siding - $9k Windows - $450/window labor + material Flooring - $5/sqft Paint - $3k to $4kStandard Kitchen - $7k Standard bathroom - $5k This is just a general idea from what I am seeing. 

By last night and early this morning, I did suggest that they evacuate but that they could stay if they didn't have any other options (surge is my main concern, we are on the 18th floor so I don't think they will have an issue with that and we have Miami/Dade qualified hurricane protection)...BUT, I was very forthright that they would likely be without water and electricity and stuck on the 18th floor possible for some time.  

No carpet, disposals, only put up curtain rods, hard flooring only, use durable materials, always have cabinet pulls

In the 6 months I'll be doing some rehab (paint, floors, some fixtures, new island, etc.).

Purchase price: $40,000 Cash invested: $120,000 Full of charm 2.5 Story Home Featuring: 4 Bedrooms, 2 Bathrooms, Hardwood Floors, Fireplace, Basement, Covered Porch.

Original hardwood floors, trim, arched doorways, and handsome, functional, fireplace help maintain the original character of the home.