Rents will be at least double what they are now and cash flow will be a nice retirement cushion.

They look so nice beside the rough finish but I have done it in many projects..the only problem is cleaning abit and have to shave to make smooth in the areas where you put the outlet covers.* 4x4" tumbled travertine around 3.5-4$ per sf* 6"×24" leadger panels around $5-6.5 per panel (sf)Both i think usually less expensive than the mosaic sheets unless you got a deal on them that different story 😉Good LuckNote: pictues are taken from my projects !!!

Looks like a nice town, but one that probably has limited economic prospects.   

Before making any decisions, check out the specifics of that loan product bc it might be exactly what you need to upgrade the entire building nicely, get a low fixed rate long term mortgage, and be able to raise rents bc of how nice it is now, and with a low or very low downpayment.

Would be nice to learn from you guys as I am just starting out.

Until you get established, your personal income is going to need to sustain the debt service on the rentals.

I know I have came across several motivated sellers that had nice homes I wanted to keep for myself.

Nice to meet you and welcome to BiggerPockets!

Some things to look out for are the fees. environmental fees, excessive weight fees, another trick of the industry is billing cycles. some will bill monthly so you are billed 12 times a year others may bill every 4 weeks so you get billed 13 times a year (52 weeks/4= 13 bill)based on my experience the big guys tend to play ball and kill on volume to shut out little guys. also these little guys rely on the big guys station to dump, so they charge a base fee and mark it up or put add on to make money.

Both properties cash flow very nicely (about 1k each)