You can take out a lot of complexity when you buy property that only needs maye paint & carpet.

Plus, you have to turn the unit over- paint, carpet, etc repairs?

You may have asbestos in the ceiling, floors or siding and you may have lead in the paint.

It has some updates: windows, exterior paint, plumbing.

The property is livable, but I am account for a pretty significant turn in 4 - 7 years of paint, flooring, and any miscellaneous repairs that the inspector could have missed since it was occupied.

They offer a $10K repair fund to fix damages in addition to SD plus warranty for appliance repair etc.I have no say in whom they choose to move in, whether there are animals, limit on # of occupants etc. they reserve right to inspect property so i have no idea if they can tell me to remodel, paint etc.does this make sense i have a vacancy coming up in October (bad rental timing).

We were shocked at the cost of goods, lumber, cabinets, paint, plumbing.

I updated the electrical, painted everything, and “cleaned the property up nicely” exterior and interior.

Each of the 5 warehouses on this campus will require updates (construction of offices/bathrooms, roof repairs, paint, siding repairs, new penetrations for doors, updates to electrical, insulation, and extension of water and sewer). 

I’ve handled almost every aspect of renovations myself—plumbing, tiling, painting, drywall, and general construction.