I list every one of my properties including tear downs, non-rehabbed, etc.

The whole project is constant tear up and try and figure out how to repair.  

Ahhhhh @Tony Kim, Your use of LIFO and FIFO brought tears to an old accountants eyes :).

Wear and tear can differ based on you renting a studio apartment to a student vs. a 4 bedroom house to 6 students.

Not a bid proposal)Interest: 5.2%Estimated rent: $1750-$1850 (based on property management company)The renovation will include new A/C, electrical rewiring, upgrade plumbing, flooring, replacing countertops, bathroom renovation, new garage door/opener, recessed lighting, paint, new appliances and a wall tear down to open up kitchen.

I have partnered with a GC and am seeking to do a tear down/ $1M new home build in central Florida. 

Rehab flips are mostly tear downs In Charlotte, when folks are doing them.

of course, that would eliminate you selling for a tear down/higher building in the future, if that would be feasible.   

Or should I tear the tile off, but most likely destroy the chip board sub flooring that was added on top of the original laminate? 

Go watch "Animal House", this is a reasonably accurate depiction of what happens in a fraternity house (from my experience at any rate).Now, if you have the chance to own a sorority house, maybe (women, in general, will put a lot less wear & tear on the building), but you still have the same issues of lack of control over who lives in the building.