New flooring, paint, appliances, toilet, etc..

Paint, flooring, updated bathroomsLessons learned?

When planning a home renovation, it's easy to focus on the excitement of picking out tiles, colors, and layouts—but there’s a lot happening behind the walls and floors that often gets overlooked. 

If you're looking to get a condo and you purchase on floor 3 or above, I would say Flood coverage is probably not necessary.Murrells Inlet has some great things to offer. 

Each floor is ~ 1,000 sq ft.

Finally, I used the Thumbtack app, and I made more progress in six days than I did in the past 75 days on painting, flooring, lighting install, HVAC repairs.I currently use apartments.com for my automatic rent collection, so that system is helpful. 

Charge the tenant for all cleaning and repairs required to return the rental to these same condition as it was given, minus ordinary wear-and-tear.You can't charge full price for a replacement appliance, flooring, or even paint.

@Martin Manning To add onto what others have shared, in the most simplistic terms, apartment complex values are based on Net Operating Income, or NOI, and the cap rate.Price = NOI / Cap RateSo, if an apartment complex has an NOI of $100,000 and a market cap rate of 10%, the value is $1,000,000.Listing agents for complexes love to price based on a pro-forma, which is utter nonsense (unless you're in Austin, in which case apartment complexes apparently have floors made of gold).

Good specifics - thanks.3 story "walk up" - like a unit on each floor?

It is to get you to reduce the amount of time you waste looking at deals and knowing what is good and what isn't good for a deal.You'll also need to know the area comps, are people putting in wood flooring or LVP etc.