Some of you might be following the deal diary thread my business partner @Bill Labrecque and I started for our 2-family flip in Southington, Connecticut here on BP.After closing we noticed that in the 2-car detached garage the property has there was an "All Nighter" Wood Stove in what was otherwise a completely empty and clean space. 

Hardwood floors through out (they do need refinishing though) roof about 7 years old, central HVAC about 3 years old, windows about 5 years old, and 2 skylights.

I pretty much just added smoke detectors, cleaned it real well, added some shelving and smoke detectors.  

Now that I officially know about the mold, I may have to pay about $20K (2 estimates so far) to clean it up, taking it back to the studs in some places, pulling back the baseboards in others, then cleaning with sporicide and doing air scrubbing in order to get an official clean bill of health since i can't rent or sell without that, having officially established that I have mold.

I couldn't believe how much would be covered; we would be getting a whole new kitchen and flooring thru out most of the house!

Floors and cabinets are almost done.

I imagine with some updating this unit could rent for at least $1400 - with the way current rent trends are going.The back Unit: This unit is in super rough shape and is in need of a good clean and some updating.

But I do have over 26 years invested in the carpet floor industry and spent a couple years doing professional custom house painting. 

I love real estate and have been involved since I was about 10 years old, cleaning homes after they were newly built.  

Your 8k renovation budget could triple as soon as the simple floor replacement reveals mold in one of the bathrooms, etc