He have me credits for the normal package they use and I added about $10K for stainless steel, ceiling fans, security fence, stained concreate floors.

Hello,As the title and description states I am closing on a rental property which has original terrazzo floors which in my opinion look nice, but the previous owner has installed ugly tile over it.

My goal is to refi it within the first 12 months.4 bedrooms now (planning to split a larger one to two, so will be 5 bedrooms) 2.5 bathroomsNo garage or carportFoundation repair: $5200 quotedRemodeling: Two kitchens, 5 bedrooms, 1.5 bathrooms, changing some molded sheet rocks, floors, adding new mini-splits to the larger unit ($3K)Total estimated remodeling costs: $25-35KThe remodeling is for the basic but necessary things, and is not intended to make the property elegant, because I am thinking about remodeling and renting it out for about 5 years, then tearing it down and building a 2 detached units (can build out up to a total of 2800 SF with the current city regulations).

Or stay in place and use technology instead of people coming through, you can get a digital floor plan made. 

Might also be wise to target the younger generation before they get too far into a career or college path.Household income must be 3 times the “Monthly Operation Payment”.Create unique opportunities to create income from excess space in a property (vacation/air bnb, temp housing for travel nurse, students, etc.)Residents may choose to use roommates to meet this requirement.Pet owners buy all the flooring instead of a pet deposit.

@Rodney BartruffBy some chance to you live in Stuart, FL and do flooring?

The property is a small row house with hard floor floors. 

I'll look at the new constructions - I'm not crazy about the closeness of the homes or open floor plans.

@Theresa Harris Hmm that didn’t cross my mind since this is the top floor unit.

Here are two homes in that area that come very close to my  criteria: 2105 Arborside Ln pending at 289k and floor plan "The Newhaven" by D.R. are under contract (https://www.drhorton.com/-/media/DRHorton/ProductCatalog/270-Austin/27150-Pioneer-Hill/271510000-Pioneer-Hill-35-RL/1854/The_Newhaven_1854_AB_Horton_1853SF_PIONEERHILL_UE.ashx.) per the MLS for mid 280k.