I'm curious before I tear into this thing what the general cost per square foot is on basic carpeting and ceramic floor tile installation.

This condo (1 bedroom loft) is pretty small .. roughly 700 sq foot.

My name is James i am in the dallas area of texas looking to get my foot in the door flipping houses and would like any helpful tips or suggestions on how to get started in this industry

My 2 cents worth.Get a fan rated for at LEAST twice the cfm's based on square foot,,,three times wont hurt. 

Deals come and go and some fall apart at the closing table, the only thing you have the power over is putting your best foot forward and to know that there will be bumps in the road.

@Gaston Barua Sales Price per Square Foot (SP/SQFT) is a very poor metric in most areas*.

Also compare the rents per sq/foot.

Also I think the noise problem could be solved very easily by erecting a 10 foot fence and allowing claw vine to grow up it for absorption.

Does this mean you're shooting yourself in the foot to evict someone in this situation?  

Also, with our economy starting to go through changes that indicate a bubble again, it also gives me concerns to whether I should get started now or to wait.I know if i start off on the right foot, the left will follow suite.