But it gives you a chance to get a fresh start....make your place nicer, replace appliances, new paint, get rid of carpet and replace with LVP, Etc....

Expect to remodel kitchen and baths and put new floors down, paint, knock down a wall to open the floor plan. 

Painted 100% of the exterior.  

Assuming you have 3,000 sqft just paint and carpet can cost you 25k or more.

On the advice of the fireplace guy who did our last cleaning/inspection, we sanded down the brick inside and painted it with the high heat black paint, and it states in the lease that they may use a fireplace-style candelabra if they'd like, but any other use will trigger all the rules in the Fireplace Addendum.   

And I may get multiple bids for the same work, like multiple paint bids, multiple roof bids, multiple flooring bids, etc.

Property was sitting on market and needed light updates (roof, flooring, paint) but was in a great area that allows STRs giving me multiple options when deciding on rental strategy How did you find this deal and how did you negotiate it?

Until he wasn't.Sometimes people change due to pressures we don't see, and sometimes people are just like m&ms . . . dark on the inside with pretty painted shells. 

Adding paint and replacing flooring is not going to add much value in the typical case.  

Give your property a makeover, a fresh coat of paint.