First Duplex and second rental!

[Patrick McGrath]

So are offer was verbally accepted and we should have the paperwork today to move forward on a 2 unit 2br /1bath duplex. 232k

Unit 1 has tenants paying $1100/m they cut the grass, shovel snow and have been there 11years.(they get $100 off a month from $1200)

women asked for new stove, new washer and for the bathroom to be redone, subfloor by shower is bad. (total about $3000)

 unit 2 needs some light kitchen reno - stove and cabinets redone, flooring. New carpet in the bedrooms and some paint. Bathroom has recently been remodeled . All in all about $6500.

rent is $1350-$1400

My thing is i am looking to cash out refi to buy more property in 6-9months. But with the tenant in place i will not be able to replace flooring and update unit enough to really force apprecaition. 

Any thought or insight would be greatly apprecaited. ARV should be around $270,000 if other unit is completed. That would give me about $30k of the $80k cash into property. Down payment, closingnand repairs.

mortgage will be $1370 and rental income will be $2450.

what do you guys think? Thank you in advane