Determine your estimated IRR and compare that with investment alternatives.Your cash flow will not be $200...it will be negative after insurance, management fees, repairs, turnover, cap ex. 

720+ credit score for 4 units or less and 80+ seasoned LLC for 5 or more units.Hold off on tax write offs on the rental two years prior to financingso that you can maximize your net income for the loan.

I have a chance to make an offer prior to the auction on either the note or the property. 

Rates are still very low compared to historical averages, and my assumption is your blanket financing is probably on a balloon.

Your "all in" is too high compared to your ARV and your rents are too low for your refinance.

I think the quarter round is going to give you an overall better finished look compared to just having the plank meet the tub and have a bead of silicone.

Are you getting the house tested and inspected prior to purchase ?

@Logan Larochelle, if you can document you have lived in that home for 2 out of the 5 years immediately prior to its sale you can take the first $500K in profit tax free if your married

For cash flow.Dallas and Jacksonville have cash flow, but they are on the low side compared to other markets.

I made the acceptance date prior to the end of the timeframe offers were being accepted to see if it would be taken, and there was no response- as suspected.