I spent 5 years in construction management as a project engineer until I received my BS in Finance at which point I began working in commercial lending for US Bank and did that for nearly 4 years.

I had to replace the carpet due to the water damage.

I have no clue how much this bill would be in your area)Trash $- Heat/Utilities $- HOA $- Cap Ex and Ops $200.00 (This the fund that will replace common hallway lightbulbs and the roof eventuallyInsurance $125.00 (assumption)Mgmt Fee $300.00 (10% of total rents.  

Nothing major but things like the crown molding and carpet need replacing, the fire place needs to be checked, the kitchen counters are formica, dated appliances but not too dated, etc.  

This replaced our first go-round with Cohen Partners that pushed us into the most complicated operating agreement a map would have helped.  

The only other recommendation I give is to go ahead and have a lender lined up so you can pull from the LOC right after the closing on replacement property,  Alternatively, you could engage in a full refinance (although much more costly) right after you have closed on the replacement property. 

Ie master plumbers, master electricians and or engineering license...I never use the same inspector for all my inspections.

remove carpet and refinish sub floor, replace countertops, add kitchen appliances, move a wall to make space for a proper staircase, add a parking spot, replace oil tank if it isn't already a deal killer.Exit: hold as rental long term, sell on a lease optionAny thoughts would be much appreciated.Thanks

Since there is no basement, I imagine the repair involves cutting through and replacing parts of the floor to be able to access the cracked part, but I don't have any experience with this type of foundation work.  

We have them in our laundry room but they're extremely light, I'd really like the floors in there to be dark but I just can't justify the time or money involved in replacing the floors in the laundry room.I recently used some minwax gelstain on a project and it was pretty amazing stuff.