Hello BP Family, I wanted to see what everyone thoughts are in terms of the type of vinyl plank or laminate flooring to install in a unit and the type of paint to use as well.

-The amortization schedule would start over but I don't really want to hold houses forever anyways due to capex (last year I put a 13K roof on, plumbing and siding, appliances, flooring, etc are going to be next as they fail and wear out, galvanized plumbing, etc.)

Occupancy @ 75% - Each unit needs flooring/paint/some need counters/appliances. 1 of 3 buildings needs roof repairs.

The property has a few broken windows with boards up over them, an interior door off the hinges, rot on the bottom of the cabinet under the kitchen sink from a leak some time ago, water seeping up from the concrete in a back room making the carpet damp if it rains a lot.

The first floor has 2 bedroom and 1 bath and it rents for 1,400.

My question is, upon getting the property re-appraised after strategic renovations to increase the value of the home (Kitchen, Bathrooms, Flooring, etc) would I need to refinance to get the PMI removed or would it simply phase out as I should now have more than 20% equity in the property if everything goes according to plan.

This house is around 700 sq/ft with a sagging roof, 1 interior wall separating this area with the kitchen, minimal floor joists, hardly any electrical and no plumbing.

I offered to pay the difference of what it actually cost him and 3months rent (so if billed labor was $3k, I’d just pay the GC $150).Reasons why I like this:-Building rapport with this GC and his businesses-I get my reno done professionally at a heavily discounted price or potentially free-unit was going to sit empty anyways during my deployment, but now has a handy guy living in it-short term deal with the GC, at most I would sign a 6 months contract and charge the actual amount beyond the cost of renoThings I am getting done:-Laminate floors install and base boards-Cosmetic touch ups in bathroom (to include dry wall)-new front door/frame install-putting up ceiling fans -replacing cast iron pipes for sewer linesWould it be a good deal, all things considered?

Summary of the findings: 1. 6 minor plumbing issues (accordion pipes in bathroom sinks, leak on dishwasher valve, grout in shower where there should be caulk etc)2. 2 minor electrical (outlet in 1 basement room doesn’t work, there are tons of other outlets that do work, and second floor bedroom light switch turns off the outlets in the room- all other rooms don’t do this).

Concrete is permeable.