Larger holes need mesh and then need to be spackled over and then sanded, primed and painted. 

See below for the numbers:Home Market Value: ~525kLoan Balance: ~476kEquity: ~50kMortgage Payment: $2570Rent Price: $2650Property Manager: 10% (potentially 7% w/military discount from a referral I got)Cashflow: $-185/month, $-2,220/yr1st year Equity Payoff from tenant: $11,561It's a 4 bed, 3.5 bath home built in 2011 that only requires some new paint to be rent ready.

I find that interior designers make the best "contractors" versus a full blown builder.They value engineer better with paint and flooring, and perhaps some cabinets.

Curbio kept emphasizing it's a small project, it's mostly paint, it can be done in 4 weeks.  

If you have the bandwith, adding bedrooms/bathrooms or a new HVAC can significantly increase ARV.First-timers often over-focus on minor cosmetic changes like new paint, luxury upgrades that aren't necessary for the area, and personal preferences that don't align with market trends.Let me know if you have further questions.Good luck!

As soon as we took possession, we painted the top unit and switched out light fixtures + outlet covers.

Holding on to it with painting of the interior and upgrades to countertops to be granite.

The place we are looking at is in desperate need of new floors, carpet, paint, etc. all throughout the home.

Fresh paint and new entry doors finished the house off and had it ready to rent inside 30 days.

People still want to live in these areas but it may not be easy for them to qualify for a mortgage or the banks may not want the particular property on their books because of peeling paint, loan amount, etc.