It doesn't help that our town is heavily relient on the carpet and flooring industry.

Insurance does cover the cost of our service plus any replacement of carpet, paint, etc. but I agreee it probably is not worth putting a claim on your insurnace for something like this unless it is a large scene.

Renters do you prefer painted wood floors or carpet?

Painted floors (no carpet), cheap miniblinds, used appliances are the standard.

Really just carpet/paint, and then the bath and kitchens (so around 20k also).Now here's where I need some help.

Just spoke to [wholesaler] adv has 2 estimates for repairs. 1 for $6k [basic paint, carpet] the other for $15k [paint carpet, landscape, new drywall, etc.]Will make my own assessment on Monday.

New or not, you will have vacancies to deal with, property management (placing ads, screening tenants, doing evictions), taxes, insurance, and make ready costs (paint and carpet cleaning or replacemnet between tenannts.)

if you paid cash and it holds value(equity) one option would be, a bank could give you an equity loan on the existing equity or better find a bank that does construction loans and they ll lend you what its worth now or what it will be worth upon completion. the money will be given in draws as you complete certain phases of the job so you ll have to plan out were and when the money gets spent example windows/carpet deposits and payoffs. another option would be to find partners(investors) to help with the construction costs

So I saw this property that looked like it just needed some new paint and clean carpet.

This house needs very little (painting, carpets shampooed, and put an oven in their) I am going full doc but because the loan is so small, I am having a hard time getting somebody to write the loan.