The Oil furnace was probably 30 years old, well think you know where this is going, the furnace dies before the new one was put in, about November, cold days, the pipes in the house freeze and break ( hot water baseboard heat ) i had to replace all baseboard, refinish floors again, fix ceiling in the kitchen and walls that i had to open and run new pipes, re-paint. so i think i am more for the proactive then reactive, even though i thought i was being proactive replacing all the mechanical, it just wasn't quick enough.

Should I just strip the bubbles, sand a little bit, and repaint?

I did put up a new address plaque, replaced an exterior light, and repainted the front door.

With that said, I've only had to buy a new furnace and got the house repainted. 

The inside needs repainted.

Louis, MO Purchase price: $50,000 (short sale) - aunt was agent, so fee was waived (she was helping us out) - borrowed money from grandma for the down payment: $13,000 Material costs: $8000I forgot to itemize everything over the course of the four years, but the improvements were: -blown in insulation-tile floor in kitchen-new bathroom flooring x2-new basement carpet-new basement flooring (previous was rotted through) -new carpet in bedroom x2-hard wood flooring refinished-new refrigerator-painted entire interior of the house-installed two custom closets in bedrooms-repaired and repainted the garage-tore out dinning room drop ceiling, installed drywall ceilingAll the work was done by us, save the hardwood floors.Sale Price: $108,000 less: -$6000 in fees (man I need to get a real estate license) -$5000 in concessions Net: $43,000 $108,000-$33,000 left on the note-$13,000 to grandma-$6000 fees-$5000 concessions-$8000 material costsThe problem that I have is how to value this in terms of holding costs.

I live in main large room (living room) rented other bedroom in about 10 days after purchase and repainting for $800/month.

May need to be repainted over the years depending on how its painted (brush), baked enamel or powder coated.  

And brand new doors look like brand new cabinets, better looking than repainted old cabinets

For example, using laminate flooring in a flip might be great, but in a rental your once water spill away from a total flooring replacement (due to water damage to the laminate, then have to replace the rest of it if you can not get the same material).I also paint all my units with the same paint, so that I can touch up the walls between tenants, and not have to repaint the entire room.