But  I'd do the vinyl laminate in the bath with simple flat wood transition into hall (poly and stain the transition too as you can buy bare wood lengths in bulk).. 

While all of this is happening you should be researching how to talk to  clients, what questions should you ask (this will get better as you go along) You can even find local wholesalers, to team up with, maybe they have solid buyers, and they know a great title company, you can bring the deal to the table...I mean there are endless ways to make this happen .5.

@Athol Dickson you seem to have a solid handle on your situation, I wish you all the best in your adventures in hard money. 

@Tom Wood,Welcome to the Best Real Estate Site on the Net.It is always nice to see another Ct., resident in the forums.Click on the "learn tab" at the top of the page, and you could be spending many hours on the Information that is available.Raymond

Under Chapter 13, if a wage earners income has a significant change, wins Lotto (LOL)  creditors may file a motion to recover debts on a different schedule, so they may not be out of the woods until debts are paid.If a bankruptcy has not been discharged, dealing in real estate with a debtor, get permission from the debtor's attorney in writing or better yet, consent from the Trustee.

@Bill Exeter sounds very solid -- many thanks!

Looks like they might have some wood laminate in the living areas as well -- not sure about the ceiling fan situation, though.  

I probed the wood underneath the frame with a car key.

Set up a solid foundation then worry about secondary properties after that.

From my research and prior loan experience, I am not too confident on getting a loan large enough to cover this type of property.I would love to do some sort of owner financing that gets him paid and still have a solid cash flowing rental.