Most people including myself are very against it here. 

You can get an idea what laminate wood flooring etc cost per foot + install. 

You can take an "A" neighborhood asset in most locations and fail the 1% rule but these assets will outperform on a cap rate basis a "C" location asset that "passes" the 1% test  if the analysis is not so narrow minded and includes actual expenses, cap ex and vacancy. 

This is the investing model I use and I have helped dozens of people become home owners through lease options, including single mothers.

No, the vast majority of business's, including service business, start-up's do NOT clear profit day, month, quarter, year 1. 

Charge the tenants a higher rent rate and include utilities with their rent.

Or are they included in the rent?

Everything inside is SUPER detailed. the wood work is INSANE, anbsolutely gorgeous...But it was also a hoarders house.As you can see.. we get PLENTY of deals... we don't need this.

I think zillow has included these in my 1099 they send me..

Look for any walls or areas of prior water issues, including the attic, roof, bathrooms.