My business partner and I ended up forming another company and bringing in two additional partners that were already doing flips in the area to help increase our capital and our ability to do more deals. 

In addition to Matt's sound business practice of fixing the home, most states which includes mine GA, tenant law says; landlord may not contracturally transfer responsibiltity of maintenance to the tenant, its always the responsibility of the landlord.....   

In addition to that the building next door is rented and when I further expand I can move other employees into that when need be.

He found a tenant that really, really, really wants to rent the place so she can foster more kids.

If you are putting up the rehab cash, expecting $150k profit, you should get your rehab cash back & 50% of the additional profit. 

Sounds like that may be even more of a concern when you're working in lower income areas, as they're probably going to have more issues.On top of that, the property is listed as a 4plex, yet the county records show it as a triplex with a garage (so they likely converted garage to an additional unit), and the "land use" is defined as single-family (which is confusing, because the same page says the property is a triplex).Will be talking to the current PM hopefully today to get his opinion on the property and area as well.

Additionally if you find this post helpful please give it a vote on the right hand side of this post.

Just kidding.

The additional cost above laminate will not likely be captured in your sale price however you need to know your local market as others have suggested..

Marcia, Thank you for the additional information.