Tile in the kitchen or laminate?

Because it *will* happen, it's not if it happens, it's to be prepared for when it happens. 2 chefs in same kitchen will always be a disaster. 2 similar personalities/tempers will be a disaster.You should very clearly know each other and who ends an argument and if either of you can END an argument, regardless of who's right or wrong or whatever.Also in a business you should agree on who owns what areas of responsibility and agree, cross your heart and hope to... that the person who owns that area HAS the final word on decisions.Running a business is not democracy, it's like this: I will hear your feedback, from anyone who cares to speak up and I will speak up last after I heard everyone, but I make the final decision.

No upcoming assessments.Taxes: $3,602.00HOA: $269.00/moRenovation cost: 10k (appliances included, hardwood floors, paint, remove drop ceiling & tile work in kitchen, doors, new vanity/mirror in bathroom)Note: The bathroom was totally renovated not long before I purchased by previous owner.

- The laminate flooring is sinking and bowing in quite a few places in the hallway and near the kitchen.

The buyers will be walking into unused kitchens and bathrooms.

Just about every year the top 3 are Kitchens & Baths, Windows & Doors.

It's good for the old balance sheet.Here's an example of one:2608 Blueberry Drive Augusta, GA 30906Acquisition ~$15,300 (got it super cheap as an REO because it was infested with fleas and difficult to show)Repairs ~ $20kish including roof, HVAC, water heater, refinish hardwoods, drywall/paint, new kitchen, and some misc.Rented Section 8 for $700/month (about to increase to 745 :)

Or, you could look for a joint living situation; a duplex or a unit with a (aptly named in this case) mother-in-law apartment. ( i.e. not a zoned duplex, but two distinct living units in the same house- separate kitchens, etc.)

of course, repairs may eat away at that margin, so depending on the age of the building, you need to factor in a minimum of 5% for maintenance and 5% for capex.  10% across both may be reasonable for the first 3-5 years if it needs new things like kitchens and baths to be refreshed.The point is, nobody will be able to give a definite answer because there are so many properties and so many different markets in Boston.  

Older properties tend to have carpets, and dated kitchen counters/cabinet.