It also wants a mini split with at least two interior units to heat and cool. property is a tiny home with a full walk-in the basement (no access to the first floor) the first floor has kitchen living room and half bath upstairs has a full bath and bedroom (1/1.5).I've just started a conversation with owner mentioning id like to make an option offered with above-listed work as consideration, he said that he was open to renting to own and would definitely do a lease with labor cost for partial rent.

Original listing price $250k-Asking price $195,000-ARV $235,000-Renovation Costs $40,000 (new roof, flooring, bathroom renovation)Originally I wanted to BRRR this property, which showed my MAO would be in the $140k range. 

the bathroom-for-every-bedroom idea - I realize it may be cost-prohibitive to do six bathrooms but try for at least four, more if you can manage it, and be strategic about their placement as you plan how the house can be sectioned off into different sizes of STRs.I have a 3/3 STR house that can be partitioned into 1/1, 2/2, or 3/3 versions - it gets a little complicated to keep it straight with the cleaning crew and making sure the appropriate doors are locked/unlocked, but the flexibility is great in what is (for me) a very seasonal market.  

I would raise the only tenants who i think qualify as good tenants up 50 bucks to 475 for their one bedroom and clean everyone else out and re-rent it at a more appropriate rate.

@Marlin Parker, Sr.Why is it doubtful tenant won’t go down steps to another floor to take a leak ?

Let's say for example, the property needs new floors or new cabinets. 

All one floor. 

Also in the process of a complete remodel including all new wiring, plumbing, flooring, HVAC, appliances, lighting and cabinets.

.$7200/year.6 - Out of pocket expenses needed to refi would be around $100k, of which you would only get $75k of the assumed value ($130k) = $97...and be out of pocket for the last $7k.7 - Monthly payment on REFI would be around $550/month or $6600/year.8 - New CF with REFI loan in place would be a whopping $600/year...all goes perfect.9 - I would want $600/month.10 - No loan, and $7200/year CF, recovering $100k would mean it would take you almost 16 years to break even...all perfect....can you say, "new roof, new kitchen, new floors, painting, etc...over and over during those 16 years? 

Rehab which consisted of the following:- Roof- Windows- Kitchen Remodel- New Flooring and Paint- Fixtures- Landscaping- Creation of 3rd bedroom What was the outcome?