It will reduce rehab cost, speed up the project, and I believe most people prefer an indoor laundry area.

But not sure how to determine if they are going to rent after renovations or if I can get section 8 there.

You may use projected rental income to help you qualify, however you may not only use the projected rents to qualify.  

Purchase price: $87,500 Cash invested: $162,673 Sale price: $210,000 Buy: Purchase Price 87,500Rehab: Renovation Budget 74000Profit: 47327 What made you interested in investing in this type of deal?

Typically they are bearing the entire cost of renovation if already built, and labor if it is a new build. 

Hello, I am looking to get back into real estate, I have one rental i am renovating right now.

The short term rentals rates are at a premium in this location and I am trying to determine the best investment option as someone new looking to renovate with the above options and rent either half or all of the unit.

I did not have to do any updates or renovations to this home as it was a fairly new build upon purchase.5 bedroom, 4 bathroom, 3,446 square feet.

Hard Money Lenders will be able to offer you 80% LTC (purchase + renovation), so you would have to come to the table with 20% on a flip or fix/hold.

This is a relatively renovated house(all capex stuff replaced in 2019).