That being said my $11,000 reno budget is mainly for repairs that are cosmetic like flooring; paint; tile and baseboards etc. 

Made major improvement inside the units, updated the flooring, bathroom, and kitchen cabinets as well as a fresh coat of paint inside and the exterior.

I just finished redoing all the flooring in my house, as I am quarantined and bored out of my mind.

It's close to the city with commuter rail access 0.5 miles from my house and a great school system, making it one of the most sought after towns in the area (neighboring properties have sold for much higher than their asking price in recent years and we are constantly receiving mail from investors interested in buying the property).The property is in need of extensive renovations, a majority of which seem to be cosmetic (kitchen, bathrooms, flooring, etc.), meaning that there is significant potential in building equity by buying the home and doing these renovations and attaining a high ARV.I will most likely have the opportunity to purchase the place in a direct below market value. 

The deal is that she would live in the basement and I would own a floor and pay for the rent of the entire house so a cash out refinance makes the most sense to me.

Put in new floors throughout, new paint, kitchen backsplash, and de-popcorned everything.

Each unit is 2/1 with the same layout and the drain pipe runs in the middle with the kitchen on the first floor and bathrooms on the second floor above the kitchen.

Main floor living with kitchen, laundry & all bathrooms updated.

As I was selling my house, the seller complained about damage floor.

We updated everything from the roof, HVAC system, all flooring, all paint, turned the carport into a garage, all new kitchen cabinets and countertops, bathrooms were gutted and completely overhauled.