It’s a 2 bedroom, 2 bathroom and it’s 200 years old.

for example my building is brand new and it has all low flow valves and trim in the bathroom - this is normal..... 

You essentially have the account with the utility and pay for the utilities, then bill the tenants back for them. 

We moved the washer/dryer service from the dark basement to a space in the first floor bathroom.

Even worse, the house only sold for like $400K so they essentially lost $100K in addition to their house.And now, my parent's house will be worth almost $2M once their renovation is complete in a couple of months which they did by refinancing it again, pulling out money to renovate it like they do every 10-15 years, and they bought a luxury STR in Gulf Shores, AL.Finally, in another example, a friend of mine has a house in East San Diego County that burned down in one of the major fires about five years ago that also burned 150+ homes.

With the 1031 rule, you can essentially “swap up” your properties indefinitely and still benefit from tax deferment.

That would essentially be 2 mortgages, right?

Essentially you pay the utilities, then charge the tenants back for them on a monthly basis. 

You still have appreciation & your tenants are essentially paying your mortgage on it so you're earning equity that way too. 

I know with click lock you have to cut out the plank and essentially glue another in (which can get hairy if the floor isn’t perfectly level).