If the issue is purely cosmetic, then hell no.....not a chance.You are supplying a livable unit for them....on the VOUCHER program....you aren't building them their dream home.Do this and prepare for the flood gates of other things they want to upgrade to make the place nicer....Unless there is a safety or health issue, they can pound sand or move somewhere else....at which time if you want to upgrade the floors and up the rent, then go for it....DO NOT DO IT....

This is my first foreclosure property, so I just wanted to confirm the details.

I’d like a more specific ‘scope of work’ and detailed stage by stage punchlist type document so we can be on the same page.  

I read the forums and it seems to be possible, but most the details I found are for the seller.

This would be our first adventure into house flipping and we like the specific details of the neighborhood and it's potential but are unsure if the house already being gutted is a benefit or not.

Here are some of the details regarding the scenario:- Taken off market last month at 499,900 - Listed for auction yesterday with undisclosed reserve- buyer premium of 10%- Open for cash and financed purchase- down payment of 10k due by end of day of auctionMy scenario would be to seek financing.

I suspect that if you put that detail in request someone would know where geographically you can find that. 

Help, I'm going to give as many details as possible because I'm just getting started and could use some good advice. 

Here are the details:3511 Powhatan Ave, BALTIMORE, MD 21216 (Forest Park neighborhood)4 units: 3x 2br, 1x 1br all separately meteredRent = 3x $950 + $795ARV: $185,000Refinance 70% LTV = $129,500; 30 year fixed 5.5% = 735.29 / moCash flow $1,071.71Assuming a sale at the start of year 5Total PV - Rehab Cost = Purchase Price144,036 - 60,000 = $84,036Again there are a bunch of huge assumptions here but I'd be happy to elaborate on why I chose certain numbers.

Any details on LTV and years?