Some of the paper did not lay flat and where it was not totally covered in glue the color changed when stain was added.

Even if you trim down my allowances, the best you might accomplish (on paper) is a break even ... but you would be setting yourself up for an expensive lesson.Now, this house may work as "rent to own", but you would need to qualify a candidate who would like to own it; rent to them for $750/mth and sell them an option to purchase the house in X months/years at a price to be set now.     

They mainly did new floors, toilet, and appliances.2) They did the work themselves for the most part.

Sounds good on paper but always noise issues, shared utilities, yards, garages everything becomes a bone of contention.For conversions, there are codes issues with the separation of living quarters and fire suppression.

That's about $2600 a month for NOI, and for a DCR of 1.25, I calculated about $400 - $500 net profit per month after debt service, give or take.My calculations on paper are much more detailed but still have a lot of estimates.

He had a man that was never even a tenant (they had just filed eviction papers on the girlfriend) burst into his office screaming and threatening his staff. 

I used to draw floorplans on graph paper when I was 12. 

I need to see what the proposal would look like on paper.

I recently put an offer on a house (in Texas) and we are done with all paper work needed to get loan approved but escrow is not closed yet.

I'm with @Chris Christianson... the way the edge of the felt paper is lifting - it almost looks like it was installed with the slope of the roof instead of across the roof's width...?