Do I need to remodel the house or just fix it up

[Dong Yan]

just acquired a short sale deal , the purchase price is OK but not really cheap. my attention is renting the house out quickly.

Here is one of my biggest questions puzzled me:

Do I need to remodel the house or just fix it up , which will get me better return?

Your opinion is highly appreciated!

Stella 

[Dong Yan]

thanks everyone for your responses.

Do you guys rent it out by yourself or using property management? I have been always rent it out by myself and than transition to the property management.

Shall I just let property management handle from the begining?

Can any of you refer the cash flow calculator? I did calculate the return on investment by using some tools out there but didn't come across the calculator for the cash flow. 

If the floor are all wear out , shall I replace it with vinyl, laminate or carpet?

Thank you again!