Cost $500 material + $100 labor No Glue Vinyl Flooring with Fiberglass backing (Kitchen,Dining, Bathroom) cost $800 Install + Material.Paid 350 Labor to install 3 Ceiling Fans, 5 Light fixtures, and change out all the plumbing fixtures in bathroom and kitchen.

The plumber can do the install on the bathroom fixtures, hot water heater etc.

Things like fixtures, sinks, cabinets, appliances, and so on could be negotiated on who needs to buy them.

Here are the particulars: Bank-owned SFH 1,605 finished sf on main level plus 980 finished sf basement 4 bed (1 non-conforming); 3 bath Built 1983 Oversized 2 car attached garage Needs cosmetics (clean carpet; interior paint; new light fixtures) All kitchen appliances are included No HOA Just re-listed yesterday (guessing the financing failed) Total listing time approx 100 days Easy, non-highway commute to 3 major employment centers Easy commute to airport Asking price $99,900 Cyberhomes estimate $154,625 Rent comps average $1,100 Only 1 sold comp in last 3 mos.: 1 block east, same finished sf and year built, sold 9/17/08 for $132,000 Pending inspection and any new info re: repairs (roof, furnace, etc.), we're thinking of an initial offer of $72,500 with 20% down.

So I'll assume that he spends out the a$$ on fixtures and appliances to compensate for the shoddy paint job, bedroom partition, old flooring, and other common area drawbacks of the apartment.Conclusion:While it's nowhere near legal, within code, permitted correctly, it may just be possible to rehab 8 units for $5k + materials. 

Not my cup of tea per se but to each his own.  

Get their business cards, take them out for a cup of coffee, and take lots of notes. 

I don't want to be in a situation where my scope of work included X amount of fixture installments and my competitor has a different X amount of fixture installments because they were not in the same site visit.

Once you tear stuff up and tell the tenants they only have to experience arise week of discomfort, you're on the hook if the carpenter gets the fu for a week, unexpected conditions arise, material gets backordered, etc.The most I'd do is things that can be started and finished in a day (windows, granite countertops, replacing light fixtures).

Other than painting the kitchen cabinets and replacing the light fixtures, I didn't do much to it.