Your RE investment advisor can't offer objective insurance advice, nor can your your attorney counsel you on accounting matters.Instead, I'd recommend you begin assembling a small team of best-in-class professionals with expertise in a single discipline and a willingness to engage with you and other members of the team.

I think one of the easier ones is to engage an agent and get an understanding of how a comparative market analysis ("CMA") works.

Reading books, engaging in the forum, listening to podcasts and doing research on my local real estate market.

Awesome people go to that group and it's very informational, friendly, and engaging.

Either engage a title company, or attorney, or back out of this deal.

Recently I have read people talking about luxury vinyl planks and viewed some at the local flooring store. 

Tsk, tsk.So, it's probably more useful not to engage in fluffy absolutes (like whether or not I'm being reasonable...subjective terms like that are about as useful as "ugly" or "bad") and focus on the merits of the proposal itself. 

https://engagesac.org/blog-civic-engagement/2019/9/11/questions-about-sacramentos-new-tenant-protection-program-here-are-answers

The house is 1250 Sqft and i was thinking of Vinyl plank throughout including the bed rooms.

We use Luxury Vinyl Planking in all of rental units. 100% recommend it.