Im about to put 3% down to book a townhome is milpitas. i haven't visited the physical site yet but got on their priority list through their web site. 

He was interested in a Studio unit and I think is willing to pay between $900-$1100 for a nice studio or decent one bedroom. 

I haven't been to Raleigh ever, so planning to visit next week. 

Rents will be at least double what they are now and cash flow will be a nice retirement cushion.

They look so nice beside the rough finish but I have done it in many projects..the only problem is cleaning abit and have to shave to make smooth in the areas where you put the outlet covers.* 4x4" tumbled travertine around 3.5-4$ per sf* 6"×24" leadger panels around $5-6.5 per panel (sf)Both i think usually less expensive than the mosaic sheets unless you got a deal on them that different story 😉Good LuckNote: pictues are taken from my projects !!!

Looks like a nice town, but one that probably has limited economic prospects.   

Before making any decisions, check out the specifics of that loan product bc it might be exactly what you need to upgrade the entire building nicely, get a low fixed rate long term mortgage, and be able to raise rents bc of how nice it is now, and with a low or very low downpayment.

Would be nice to learn from you guys as I am just starting out.

I know I have came across several motivated sellers that had nice homes I wanted to keep for myself.

Nice to meet you and welcome to BiggerPockets!