It sounds like a pretty good deal for the area at surface level if those are your cap rate goals.

On the surface it looks like a no brainier, trade high interest debt for lower interest debt, save thousands on interest.

On its surface, my plan seems fairly simple, but I'm not sure if the properties I am looking for actually exist.

We need advice on prepping the bare surface so the paint will adhere and not just peel away like we are seeing with the current finish.

Hardwood requires a nailing surface and I doubt joists are sufficient.In attics, I've seen wide pine boards used as the flooring with no subfloor.  

The lead inspector will come in and take samples of the surfaces around windows particularly.

On the surface, yes, if I can move from a lower to higher return on equity, then it would make a lot of sense, but I believe people have to be cognizant of all the risks involved. 

We're sure to get the one person commenting on this thread who will primly inform you that bleach doesn't kill mold and you need to use the super special expensive fungicide the mold remediation guy she knows convinced her to spend all her money on, but no...chlorine bleach for vinyl surface remediation will do the job.You did the right thing and put in vinyl in your basement. 

It's a quick $1000 fix using our basement water proofing guys.We pump well away from the perimeter using lateral drains as many sump pumps just pushing water to the surface near the wall & it just heads straight down.

Looks to be in great shape, great location, seems lucrative on the surface.