It can be a tricky market to navigate, with different cities having different point-of-sale requirements, and Cleveland has lead-based paint requirements for rental properties.

The tenant fails to pay their last month's rent and leaves the place needing new flooring and paint.

The previous owner paid to tear out the old walls, dealt with the mess and had a dumpster remove it so again, if you are doing more than paint and flooring, a property that has been gutted makes your job easier (and saves you money). 

We wanted to paint the exterior of the house vs putting siding on, but the weather did not cooperate for a few months adding carrying time which was expensive.

Curb appeal, refinished HVAC, paint, closet work, minir details.

New mechanicals (HVAC, electric, plumbing), kitchen, bathroom, adding a 1/2 bath in basement or 1st floor, new drywall, floors, paint, etc.

Most of the time an appraiser will not take small repairs or replacements into account, like, painting, appliances, etc.

The unit has brand new paint and floors.

Insulate, add electrical, mini-split ac, and possibly plumbing, as desired, drywall, tape and paint, put built-in cab's on one side if you want, hang the tv, speakers, etc, install bi-fold/multi-fold doors on the side leading to a patio, and replace the garage door with an insulated one keeping the track and removing the motor, or install a carriage type garage door into the existing garage opening.

Quote from @Danny Ng: Hi everyoneI have an investment property in the Bay area (South San Francisco specifically) which I'm currently renting out to long-term tenants.