If this wasn't the case, I would probably just lay a new floor over it as well.

I would use the CPA to select the best business entity for your purposes and to lay out all the steps that need to be done (people often forget "small" things such as requesting an EIN from the IRS) but you can do the actual paperwork and filing yourself.

We told her ahead of time though that there will be a contractor there the first week, and if she's able to wait until the 15th that would be great and we would prorate her rent.

Over the next week we’ll finish the kitchen cabinets and counters, replace the electrical fixtures, clean/paint the basement, and start laying flooring.

Which our tenants did not have at the time of the leak.Going forward:  Waiting for a call back from the insurance company to see if it is possible and cost to increase the mold mitigation cap on the policy for any future claims.Changing the wording of the Renter's Insurance clause in the lease to state proof of coverage with the landlord listed as an interest is required within 48 hours after the lease is signed, prior to the keys being handed over.  

@Amanda Davis, installing cabinets, painting, laying tile does take a certain amount of skill, but it is mostly go slow and do it right sort of skill.

If we had waited until it was 100% done, we wouldn't be collecting rent for Sept, Oct, Nov, Dec!

Can't wait to hear about your progress.

They may need to wait a year or two and show proof the payments are getting made.Realize this does violate the due on sale on the existing loan.  

Now you wait out the 10 days and there's no redemption, that means on the 11th day you now have the ability to file for a deed but not the obligation to do so.