Might be a better card if you get a big kickback at the furniture store and you need more stuff, or travel a lot.  

I purchased for $420k and the house needed quite a bit of updating/fixing and furniture, so I spent another $64,000 in repairs using my savings along with credit cards...yeah...ouch...I know...  

My husband & I have an opportunity to buy a small gutted home in a touristy/outdoor recreation town near us for a good price.

From the CA website:A landlord can only deduct certain items from a security deposit The landlord can deduct for:Cleaning the rental unit when a tenant moves out, but only to make it as clean as when the tenant first moved inRepairing damage, other than normal wear and tear, caused by the tenant and the tenant's guestsRestoring or replacing furniture or other personal items, but only if this was included in the rental agreement and the damage isn't from normal wear and tear Generally, a landlord can keep part of the security deposit for rent owed.

On the asset side you would show assets you personally own including houses, cars, furniture, life insurance policies, etc. 

Like if I offered to buy his furniture too?

So question is  to build a 2 story, approximately 1000 sq ft with basement on a vacant lot turnkey(I give you the money and you give me the key when you’re done, all it need is furniture) with a basement, what would maximum cost be? 

Like if I offered to buy his furniture too?

Many tenants have so infrequently received their deposits back they consider it a fee so have no incentive to sweep before sliding a heavy piece of furniture or stop sliding if they hear a scratching noise, etc.  

You will have to spend at least 15k furniture, kitchen appliances bedding ect, IMO not worth it .