Determine your estimated IRR and compare that with investment alternatives.Your cash flow will not be $200...it will be negative after insurance, management fees, repairs, turnover, cap ex. 

That means traditional financing is not possible for the average buyer.

Rates are still very low compared to historical averages, and my assumption is your blanket financing is probably on a balloon.

Your "all in" is too high compared to your ARV and your rents are too low for your refinance.

I think the quarter round is going to give you an overall better finished look compared to just having the plank meet the tub and have a bead of silicone.

For cash flow.Dallas and Jacksonville have cash flow, but they are on the low side compared to other markets.

The price of the condo is market price, there is little to no room for bidding lower as other comparable units are selling for higher.

Compare your property to similar, nearby rental properties to see if it's typical to include these appliances.

This past year there has been no issues renting the property, but the old windows definitely seem out of place compared to the rest of the house. 

At least a contractor, and property manager if you're using one, the lender is also very importantIf using hard money be very careful, and I recommend finding a traditional lender to refinance you out of the property in the future and make sure they are on board with what you are doing before you make an offer.