I'd encourage you to find a great mentor in the apartment space.

You can go to your local home depot and speak to them about your ideas on renovating/retrofitting your space, register as a contractor, it would save you a ton of money if you are buying yourself,  I am sure you can get someone competent and affordable to assist with your schematics, designs and cost.

They'll also be able to paint out a picture for you on how to execute your goals and assist with a strategy (Maybe not family and friends, unless they have experience in the space). 

Key in that latter space is to thoroughly vet tenants so that you have at least B+ tenants renting C/D doors.

Today I'd like to discuss the value of public spaces.

I reckon that type of decision comes into play when you have more than one bathroom.I would recommend that so long as you have the space to do so, you design the bath to have a tub/shower combo.

That, and the closing costs, would mean a 75% of my savings.I had been reluctant to surpass the 50% of my savings, thinking in the next property that I may buy later on, but since it is so hard to find a deal like that I been thinking about it.That is why I am recurring to this space for opinions about it.This is my first post by the way.

I am laying onto wood subfloor as there is a crawl space.

How tight can you get the ARV? 

@Pete Harper, A lease option where you're sure of your buyer can be a great way to get a jump on the tight timelines of a 1031.