When you touch up paint it doesn’t match due to the sheen not color and flat makes this a non issue so I can touch up much easier instead of painting the whole wall.  

I do save some money since he doesn't charge me a renewal fee like a PM company and he did the paint touch up between tenants vs. me hiring a painter to paint entire rooms. 

If it's a growing market, you're not finding 4 under $200k.For $200k, go get two solid houses in growing areas putting $60k-$75k down(250-300k), keep 6-9 months of reserves + cost of doing business(like entity structure, mortgage fees, initial vacancy, little touch up, etc.)

This way you can get matching paint for touchups or repainting if needed later on.

I (currently) really love the look of the painted and frameless cabinets right now but I'm fearful that they will:Become dated sooner than later (the look, that is)Be more difficult to touch up (a ding/scratch is easier to fill when the product is stained solid wood versus a couple layers of paint)Frameless are more expensive and will break down sooner (sagging?)

The property needs minor touch ups - New painting, definitely some cleaning/scrubbing.

Seller's disclosure show's, seller had foundation touchup (corner pop fixed) and according to the agent it was only cosmetic work.

Did the same in the bedrooms.The paint was good enough in this unit to just touch up, and my handyman did a great job on the whole thing.

You won't be cash flowing as much, but you could still be easily making $500 a month in rent on it and you would be able to finance your next house with equity you currently have.HELOC loans can get between 70-80% LTV, so it's possible you could even use some money to improve your roof and finish your touch ups while you're at it.

If you are doing a novation, and the property needs a slight touch-up, say $5k, is this something you pay out of pocket for (or try to get someone to do the labor and get paid at closing)?