To add a bit more information, the house was built in 1996 and the roof is tile so not a great deal of maintenance. 

It lays out zoning areas, MFH, SFH and commercial etc...http://www.longislandindexmaps.org/

Would you suggest purchasing now, or laying low while saving some more money for possibly a larger purchase in the future.I think I would like to invest in either another condo or a multi-family property.

I look at my cash in-lay and want to get at least 15% cash on cash in B class multifamily - so when I put in 120,000 cash I expect to get 18,000 a year cash flow.

Going through an inspection right now and our inspector tells us the a.c. unit is about to have it and it's the end of its life, the garage disposal is not working, and floor tile is cracked.

I put down luxury vinyl planking throughout the house and 4-inch base, except for the kitchen and the converted garage that already had tile.

Scope of work is below.If you want to take it on or know someone please PM mePaint touch up throughoutNew floor tile in two guest baths and replace vanities Replace tub in master and redo showerRemove carpetReplace some trim/casing where it's outdated Replace lighting throughout

tenant turnover for now because in the past I had carpet....but now with my last vacancy I replaced the flooring with some kind of hard flooring like tile and laminate (hopefully the laminate holds up)...and my new purchases I will use tile and LVT to replace carpet during the initial renovation. 

This will help you get a better idea of what tile, hardwood, carpet, plumbing fixtures and light fixtures costs for your rehabs.#3 Contact Local Contractors for PricingCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.

We added a tile surround and flooring in the bathroom with modern fixtures.