Most the windows were replace, both bathrooms redone, kitchen cleaned up, plumbing and gas service taken care of, garage redone, front door replaced, and ect.

Asking Price: 260,000ARV: 240,000Offer Price: 210,000 20 % down on 30 yr fix 4.125% conventional loanClosing Cost: 10,000Target total cost: 220,000Monthly P&I Payment: 1,800 - 2,000Annual Tax: 9,275 Potential get down to 7000 - 8000 Rental Income: 2100 - 2400 Potential 3500 if sublet by roomPotential cash flow 600 - 1200 monthlyRenovation budget: 20,000 (needs kitchen)Features: 6 Parking SpotFinished AtticFirst floor office space2nd floor 4 BRNear Train station to NYCIs there any other thing I need to add and what do you guys think?

They're much more suited for kitchens and bathroom floors.

Should I pay the additional $1500 for gas appliances?

I have a load bearing wall between a living room and a kitchen that I'd like to open.  

I stayed in my rented apartment for another month until I had fixed all the essential appliances, painted and put down new flooring. it was a mild inconvenience for the extra 60,000 in instant equity i had one year later. 

Then I opened up a wall and changed the layout, creating an open concept kitchen/family room.

A STANDARD FHA loan, would not be available on a home that needs a new roof, ($10-$13k cost for replacement), new flooring because the floor has issues ($8k), new appliances ($3k) and a new A/c ($6k) .So the bank finances the home, sets a $30k escrow account associated, and you take care of the major components that would normally stall any other FHA buyer or be a hindrance in any other home inspections.

We just bought them this past year, so not our doing. ) Anyways, I like the idea of providing entry way mats, kitchen sink mat, etc., to help protect the new flooring.

Bathrooms and kitchens have never been updated...I attempted to price accordingly for some equity knowing some improvements will be desired, but not a necessity.