Unusual condition compared to most of the houses we have  been looking at, the blinds are real blinds and the doors and windows all work.

That is even better if  the basement already has some above grade features like egress windows. 

Overlooking the Living areas, the Kitchen offers 42" Cabinets, corian countertops, recessed lighting with eating space in the kitchen that has a bay window overlooking the pool with Jacuzzi and pond.

The home inspection revealed the following big ticket items:Possible asbestos in the following locations:Popcorn ceilings of Unit 1 (peeling, must be replaced)Attic insulation of Unit 2Basement tile of Unit 2 (badly damaged and crumbling due to water damage years ago)Windows that need to be replaced (exterior shingles are asbestos)60 Amp service boxes and Knob and Tube electrical throughoutI'm looking for advice from the BP community on these issues. 

Furthermore, a 5-year balloon is a fairly short window.

We are vertically integrated so we do the renovation ourselves and we self-manage our properties instead of passing them on to 3rd party management companies.

New windows and doors throughout.

New windows and doors throughout.

I have done several full remodels of houses around 1,500 to 1,800 sf (new kitchen, new bathrooms, new flooring, new paint, new windows, new fixtures, new wiring) here in Kansas City and they were all over $40k+, so I have a feeling if your SOW is similar you will likely be over $30k.The only way to truly know is to put together at detailed list of each individual repair that needs to happen on the property.This is my boilerplate response to people for learning how to estimate rehab costs:#1 Read the Book on Estimating Rehab CostsJScott's 'The Book on Estimating Rehab Costs' is a great resource for new rehabbers to learn how to Estimate Repair Costs on 25 common rehab repairs.https://www.biggerpockets.com/store/the-complete-g...#2 Explore Lowes and Home Depot to Learn About Material PricingTake a tour through Lowes and Home Depot (or their websites) and look at finishes materials and fixtures that you will consider using in your rehab projects.

I would tell them to buy their own security cameras and battery powered door alarms, and they can take it with them when they move out.you provide a home that has functional door and window locks.