Purchase price: $190,000 Cash invested: $25,000 This property is a 3 bedroom 2 bathroom townhome.

It has a pool, would have 5 BR (currently it has 3 BR and an office), 2.5 bathrooms. 

However, I learned from all the mistakes I made in the process, and eventually got them all corrected and up to their requirements -- and I was off to the races.City has some cheatsheets available on a number of various requirements that are most-commonly failed by folks submitting their plans, things like hazardous glazing, spacing for certain bathroom fixtures, escape windows, etc.

Once your friend accepted rent from them, he essentially accepted their tenancy.

It currently has tiled countertop in kitchen & Formica-like countertops in 3 bathrooms.

It has a full bathroom, and the walkout basement is about 1k sqft. 

It looks like it was once a park with bathrooms.

GREAT Topic,Make sure you know exactly what you want done on this home @ New floor coverings, new kitchen, counter tops, new lights, new bathroom fixtures.New paint , @ tone paint, etc, etc,Because  you holding on to it as a rental make sure you get at least 10 year materials and product, namely floors and plumbing faucets.  

The bathroom is a biohazard so I couldn't check and failed to open the kitchen faucet.

Purchase price: $102,500 Cash invested: $28,000 Rehabbed single family ranch property by replacing all trim, flooring, removing kitchen wall for open concept, new kitchen cabinets & island, replaced roof, updated electrical, new heat pump and A/C, complete Master Bathroom(with tile shower), and adding egress window in basement.