If, you have a 6 bed home then no renovation is needed unless the door entrance areas need to be widen, bathroom needs to e wheelchair accessible etc.

Try to stay 3 bed room or higher (tends to have less turn over)3.

I have a 3 unit house with a 2 bed 1 bath house in the back yard.

I had wanted to start small, a 1 bed/1 bath, but the analysis showed they didn't cash flow very well at the purchase price.

Purchase price: $262,900 Cash invested: $15,500 Unit 1 - 4 bed 1 bath.

Used vinyl planking on several SFH the planking will show big imperfections from the subfloor.I use Nucor price is not cheap or too pricey.I had one screw up they put it over a concrete bed in the entry way you can fell the imperfections from concrete.

Surprising low turn over, lots of demand from "normal folks" for livingin in  shared house rent a bed room that comes with a bed and dressor and free wifi and utilities. 

Could have added a bed room in each that would have added value.   

I went by the house yesterday to water to flower bed since its not hooked up to irrigation (yet).

As far as ARV... that one was super hard to figure as it is in a unique area of town with lots of new condo construction, two bed one bath condos even the ones that aren't new construction sell all day for $225-$250k.