Property was built in 1974 and has 1,100 sqft of livable space to each side.

I’m very new to the real estate investing space and am excited to start my adventure!

For instance if you could put new cabinet doors on instead of whole new cabinets that might be good.Any time you can add extra living space from a basement or carport (unless you need a carport to keep up with the neighborhood) that too adds value to the property.

Yes and that portion broken up and used exclusively for the air bnb is also counted as investment space. 

Also, the opening of the staircase underneath is 134" but this website is calculating 176" to the base of the stringer which means the staircase will oddly have dead floor space under it.

And warehouse space of 2500 sf and storefront space of 1500sf .

The space is pretty outdated since it was built in the 80s.

. — on Sept. 23 was unanimously approved by Cedar Park City Council for incentives in exchange for plans to invest $4 million in a 15,000-square foot office complex, 16 turf fields and commercial space on a 112-acre tract near the corner of Ronald Reagan Boulevard and East New Hope Drive.More growth for this NorthWest Austin suburb.  

You could also keep an eye out for a large heated garage and maybe convert part of that to an office space. 

Any thoughts or feedback on this deal would be greatly appreciated.FROM SELLER: Please see attached leases for 7,000 sq ft office space/retail complex.