Got a light rehab you can slap some paint and carpet in for 10-15% discount to value, do it as a rental. 

The pine will need to be primed/painted/sealed on all sides or else it will warp or bleed through.Once installed, they don't look much different when painted.  

If you want a cheap & dirty solution you can take it down, paint gorilla glue inside all the splits, and pull the door back together with 48" bar clamps.  

New paint, nice kitchen.Me: IF your info is correct ARV is ---, but I never do an ARV without me or client seeing the unit, I'll swing by tomorrow.He: ok keep me posted I close tomorrow at 11am(Me to myself: ok, crazy.....)I drove to the house earlier the next day.1.

If really dark floors will work with your color scheme then it's worth a shot.2) You'd be amazed what opening it up for a week or two and painting EVERYTHING will do.  

Also involved in a personal residence you would make different choices on how much to invest into things like fixtures, flooring, paint color/quality etc etc etc vs what you would choose for a rental which most often are less expensive materials and really not custom in any manner shape or form, so your "home" for a couple years might have all kinds of more expensive inputs and then end up as a rental unit later which may or may not be a good use of money after all.

Pre- 1974 there are EPA lead based paint certification rule and contractors disturbing over a certain sq ft of space.If you do not follow you can face very stiff penalties into the five figures.Older building like that I usually go 60 to 65% of gross expected in costs.

Since we purchased in July 2013 we gutted 1.5 bathrooms, renovated kitchen, new paint/trim and new floors.

My guess is your asking price is too high.In my market, even if the house looks decent, rehabbers will generally be updating the kitchen and bathrooms, refinishing the floors, painting, etc. 

That will have to be paid at close.Facts: 2 FR: Unit 1 : 2/1 900sf  Unit 2: 2/1 900sfARV 150K based on several compsRental Income: 900x2=1800/moCap Rate: 9%Assuming I could freshen this house up with paint, carpet, minor repairs for less than 15,00070% ARV=$105,000 -15,000 rehab - $5,000 (closing and moving allowance for current owner)=$85,000 max offerDoes this sound right?