I am in the Central Florida area and I can find single family homes that could bring that return monthly + a whole lot more and not have to worry about paying the tenants utilities.I literally just sold (closed 2 weeks ago) a single family home to an investor of mine that looked like this:$45K was his purchase price with an ARV of $80K (coming from 2 recent flips on the same st) I put him in touch with my handy man who put in all new tile and framed in a door way for him for less than $2500....he already has a tenant paying $950 a month.Not meaning this to be an advert, more of just heads up that there are other WAY better deals out there.

Buy enough tile to do the job again (lol) replacing tiles can be a pain if you can match them.

I hired a contractor to put in a tile flooring with the look and feel of wood.

It is late model, 3/2/2, nice condition, tiled floors, etc.

.- To do tile just in that area for 3k -just entrance, hallway, breakfast area and kitchen- dining room would remain laminate, laundry room laminate and living room carpet.

My only advice about banks is to stay on the tile and off the carpet.

Removing the linoleum and subflooring and using a thin backer board under the tile will minimize any rise in the final tile floor.Your replacing the counter tops.

Go to your local large lumber yard or large supplier and ask the service manager to make recommendations for the type of contractor you need.

I do the same as J Scott - W9 from all contractors, and none from retailers or other suppliers.

Maintenance can be an issue with the older homes so watch the deferred maintenance, maybe stick to properties with tile roofs.