First step is getting pre-approved, that will determine your budget. 

With condos instead of budgeting for major expenses like roof, ext paint, landscaping etc the association takes care of those and you pay the maint fee instead.  

I would like to add another $6000/year to our travel budget for one big international trip each year.

My original budget for renovations was 40k but now I think I might of chewed off more than I can handle. 

I’m hoping to find financing with these terms: ▪ 90% of purchase price ▪ 100% of rehab budget ▪ Interest only payments ▪ Points rolled into principal?

This is how I run numbers and these might be slightly high but I mean I feel it can be challenging to really budget for repairs and vacancy because it's not a fixed expense so I would rather be safe than sorry. $1700.00 (Rent)-$1038.00 (PITI)-$170.00 (Vacancy) 10%-$170.00 (Property management) 10%-$170.00 (maintenance) 10%-$85.00 (cap ex) 5%-$20.00 (garbage)$47.00 (cash flow)I wouldn't say these numbers are set in stone at all and could definitely vary and maybe @Doug McLeod could give more feedback on these numbers. 

Your plumber should be able to advise on that.FWIW, I love the old style radiators, forever to warm up, but throw a nice even heat when running.Again, it's all what the market wants, or is willing to pay for, and of course, your budget. 

I have been using the vinyl plank flooring for the last few rentals we picked up, but I got one now where we are a little lighter on budget and so I was thinking of going with carpet, Home Depot has free install, and I just pulled carpet out of this house, so my tack strips are already in place.

It all depends on your budget and desired quality.

I think I'd have still bought the property, just added the permits into my budget.