So far I have:Built a standard parts list and supplier list: windows, paints, flooring, cabinets, sinks.Established a good primary realtor.Made a standard of what I will do to distinguish my apartment units in the market.Hired a property management to deal with the increased number of lease up's and tenant shake out (note- I have only had 1 tenant move).Started using a documentation system for projects (Trello) and files (Google Drive).Built a solid relationship with a commercial lending arm of a regional bank.Areas to improve: Marketing- I have been MLS primary for my deals focusing on heavy rehab needed C class buildingsWebsite- slacked on totallyAttending network events-  in the 2 years only made it to 4 I think.

Is there a standard Capex/Repair percentage that you use that I may have missed?

About 10% is standard in Georgia for property management is what I have heard.

So, I used a floor mounted, wall outlet toilet, not floor outlet, by American Standard.  

Option (2) scale the renovation back to rental standards $20,000-$25,000 refinance it for $290,000 and rent it for somewhere between $2,400-$2,600 per month which is what the property could bring after checking the rental market for the area.  

Option (2) scale the renovation back to rental standards $20,000-$25,000 refinance it for $290,000 and rent it for somewhere between $2,400-$2,600 per month which is what the property could bring after checking the rental market for the area.

Over time you could get access to better interest rates and more loan money that the standard buyer would not get.

I just wondering if this was a standard for reserves?

This is a standard retail type purchase not an investor.  

As silly as it sounds, I have never dealt with capital gains taxes before (unless TurboTax autopopulated that info for me from my financial statements lol) and I always thought this would just fall in with my standard income taxes (which are higher than 15%) unless I found a solution.