This cash flow does not include equity gain from making the payment which is in effect additional cash flow that can be obtained with a little effort.

Brian in addition to what @Rick S. mentioned, I would also have the seller have the tenants sign a statement - which you will provide - that they understand they must move out within 30 days after closing (which will actually be longer for them considering it seems like your just in the beginning stages of purchasing) and then assign a dollar amount for each day the tenants much pay for each day they go over 30 days - think incrementally, to give them an incentive to move out.

I’m estimating the re model will cost 10k (so plan for 13), and the additional property about 17K with around 10k re modeling.I’m unsure if I should seek two loans one for each house or bundle them together.

It can add an additional layer of protection.

Unfortunately, it does seem like it's more or less an additional income stream for the two that run it.  

I haven't walked through the house but pictures look good.

I considered that property for my family home, and walked on that "basement" and it felt very sketchy.

If nothing else, I learned how to do just about everything as far as renovations go, and now can walk in to any property in the area and have a general idea of what I am getting myself in to and the costs of the rehab.A few takeaways from this project:1. 

Hi @Matthieu Benoot,If your lease allows fix the screen and add it to the rent for that month.

In addition, as market rates rise newer loans are closer to the target return thus reducing a need to discount to achieve the desired results which can translate into perhaps less risky assets.