Then, for the main one that is left, get some plywood or similar material and board it up to seal it off as well.  

By fall, though, those plans either never materialized or were never finished and completion is pushed off.

I am currently studying for my state exam but i feel like i need to understand the material more.

I have a tendency to over-repair and I'm trying to balance that, but I'd rather over repair than under repair as I do find that it's so much easier to find a good renter quicker, especially when your unit is better than what the competition is offering, it will definitely stand out.Let me know if you end up purchasing flooring, cabinets, etc yourself, I can suggest some  places I've used so that you don't pay more than you have to for the material.  

What are some ways to structure this deal so I can under promise and over deliver but also retain a good chunk of equity?

We're in Portland, Oregon and very few cases can you hit the 1% "rule", and if you do you have to be creative.I wanted to share a win today that has been in the making for the past 10 months because I think it is a good example of what a low cap environment looks like and what a solid base hit looks like for those that want to invest in small multifamily deals.Here are the details on the property:9-units in an up-and-coming neighborhood Purchase price: $1,550,000Cap rate: 4.5%Average rent was ~$995 and Owner was paying for garbage and water/sewerWhen we took over we immediately had a couple units turn over, which was great because we wanted to get in there to do some upgrades (we do a lot on the sustainability side that include reducing hazardous building materials, energy efficiency upgrades, bike storage, decreasing utility consumption, etc).

@Chrissy Arnold, good point there, what I know is that you have to create a marketing material to funnel those target sellers by identifying there pains and future plans as for absentee owner.

OPTION 2)  Replace living room, kitchen and dining room floors with luxury vinyl plank - $3240 ($2240 materials, $1000 labor).Pros:Downstairs will have uniform flooring, making it look nicer + bigger (could yield higher rents and quicker tenant placement on turnover?).

If the finished are reasonable, something that the majority of people would like, then I would finish it for her that way and return your materials that you don’t use or move them on ot the next flip.

What "materials" come with the program (i.e. forms, software, etc...)?