If your building from ground up realize that unlike conventional multi family every bedroom has a bathroom.

I'd say exterior landscaping, kitchen, bathroom, windows, doors/garage doors, etc.

I've only ever used for bathroom walls/floors before tiling or creating an outdoor bbq before faux bricking, etc.

We updated the bathroom, painted throughout, updated the lighting, and then furnished the unit.  

A specific scope of work and a finish schedule is essential to getting an accurate quote.

The low equity results could have something to do with how the info is being pulled..You definitely want them to have some equity in the home, unless the numbers make sense at market value..the strategy here is to purchase subject-to the existing loan so you will essentially be taking over those loan payments.

There is much more that goes into an appraisal than just bedroom count, bathroom count, and square footage. 

The house was in move-in ready shape, but some updates were needed such as bathroom remodels and window repairs made.

Essentially I will be staying in the house and paying rent to the trust account holding my property.

When a tenant moves the average cost to paint, install carpets, repair or replace a faucet, toilet, broken kitchen or bathroom sink, etc. is never less than $2500.