The house is in pretty good shape structurally, decent fenced backyard, hardwood floor throughout, in a B- / C+ area. 

(Less than $1MM loan, restaurant 1st floor, apartments above.) 

  (1st floor restaurant, 2nd/3rd floors are apartments)  How is residential vs commercial percentage calculated? 

The asking price is $178,000 it's a 2/1 on each floor with a separate entrance.  

I’ve lived in apartments all my life – sharing walls, ceilings, and floors with sometimes noisy neighbors.

I manage the property myself, and as tenants have moved out we have upgraded the interior with vinyl plank flooring, nice molding and more.

@Mark Berge if you’re already re-carpeting (or other flooring type), I’d definitely replace the carpet in one room.

The timeline for the kitchen, bathroom, floors, etc. is July.

Purchase:Bought: 167k, CAD value 212k, Repairs: 20k ARV: 220-240kRenovation: Updated floors from carpet to LVP, prime and paint, painted cabinets white, updated fixtures and appliancesRents from: $615 per unit to $995.

Sure, if its just some paint, new flooring, maybe some low voltage lines for cable TV or a wireless AP that sounds fine.I know there are some areas of the country where town inspectors are a pain, but I usually here about that more so in major cities inspecting large commercial jobs.