There's numerous issues; hole in floor and hole in wall, outdated kitchen, ceiling tile is coming off in portions, metal roof that screws need to be replaced etc...

Odds are good that if you're doing flooring, the answer is No. 

Its a flip house with all granite counter tops, stainless steel, open concept floor etc. 

I can't increase rent by rehab/adding living space.

Howdy BP: I currently work for a large GC in the Austin area and my job does not allow ANY additional brain space or time to work on my own investing. 

Vinyl floors got when from small flood. 

We sold out 3000 square foot, waste of space house. 

My local area was hit hard by the housing bust, and my local banks want to lend in the commercial space, but not residential.  

What about when your property gets trashed, meaning 20 holes in the walls, destroyed flooring, pet urine smells.

Think of all those apartments that you rented or visited that only had one (1) door to enter.Agree with others, that you should make sure the work was permitted and approved.Mike:While windows with openings of a certain size do provide and avenue of egress, two separate doorway exists may still be required - particularly if one opens into a common interior space.