I am looking for current market prices per square foot of footprint (ie. 1500 square foot house @ 1.50sf = $2250.00) for the following:-2-tone paint (1 flat color on walls and ceilings and painted semi gloss trim)-Exterior trim/soffit painting-medium grade tile flooring-medium grade carpet-medium grade laminateI know, I know, "market price and medium grade is subject to the contractor" but there are standard rates.

Get quotes for everything that you want to have done (Electrical updates, carpeting, cabinets, roof, etc).

The experts in the podcast mentioned that furniture, fixtures, and carpet could receive the bonus depreciation. 

Sometimes it's not much, but there are very few true 'paint and carpet' rehabs in the world. 

If it lessens the quality of tenant, know that you may have higher turn-over and paint / carpet with every one of those turn overs.

At minimum looks like needs new carpet (or laminate) in each room, an update to the kitchen and both bathrooms. 

Carpet isn't the answer here since it will always be worn and dirty in a high traffic area as this is. 

You MUST find someone with experience with the loan, otherwise it can get messy.

The book keeping and taxes get messy since (eventually) the house will be producing income into my personal bank account.2.

I'm looking to replace the carpet in one of my rentals with Luxury Vinyl Plank (unless laminate is a better option).