Good luck and please post an update so we know what you've found and what you decided to do!

I am looking at a deal just north of Houston that is 2 4-plexs on 1 lot, and I wanted to double check on cap ex and maintainence numbers.All city utilities, flat roofs, built in 1966, updates have been done, some new ac’s.

It changes my numbers significantly but I'm sure most of you can make all the updates quickly off what I provided above.

I have seen that LVT or luxury vinyl planks are being heavily promoted over regular Floating/laminate flooring. 

Most may need updates, but there are opportunities out there.

It needs to be updated, new flooring and paint throughout.  

But if they bought, held n sold without any updates then I feel you.

This would be for the kitchen, flooring throughout, & bathroom updates in a condo.

California has a lot of special rules that you probably want to look into a CPA who is based in California or at least very familiar with CA tax laws.After 4/17 you can try reaching out to @Logan Allec who is very knowledgeable about real estate and a regular contributor on Bigger Pockets.

Or keep the 37,500 in regular IRA making lets say 8% for the next 10 years or so and being taxed 25% on 7000 dollar distributions for every year he lives after 60.