When I pulled it up, I started to get excited with the hardwoods underneath, but found that there were areas which had been "patched" with plywood, so could not really just refinish the floors.

Throw in another thousand or so for carpet cleaning, spot painting, drywall patching, dead tree removal, and new toilets, and it'll be ready to rent.

They know tricks like taking a piece from a closet to patch where the stain was.

That means it is up to us to plow it in the winter and patch it in the spring/summer.

When I purchased it I found out the previous owners painted the building with the wrong type of paint for Stucco so it is peeling off in big patches.

Smith a patch and paint job till you get the license.

I didn't want have the carpet patched with a poorly matched carpet so I replaced the entire bedroom.

They literally walked away DILO after 5 years of payments on $87,000 & now rent another we own.We repaired the plumbing, patched the drywall etc etc & have it under a lease to own option for $137,000 with a young contractor that my Title guy recommended.

From what I understand as long as you don't disturb the paint, like scraping it, you can paint over it and don't have to do anything special so if it is in good enough condition to just paint that would be a lot cheaper.Removing or patching drywall, replacing windows and that type of thing should require a certified worker following the EPA process if there is lead paint.

I have bought houses that look like this and if you are good at patching walls its not a big deal.