The tenant fails to pay their last month's rent and leaves the place needing new flooring and paint.

In my area, they actually require a little more than the local municipality and lately have been especially strict on cracked paint because they were recently sued and lost.

Mortar, paint & bonding materials deteriorate leaving cracks, gaps, etc. which can be concerning to look at, but this is very often addressed with repointing.

Airbnb has this judge injury thing were they can rip your booking out from under you when the guest claimed extenuating circumstances. another nice thing is I haven't really been asked to review and I haven't really received reviews on booking.com like the insane hyper-focus on Airbnb.

Quote from @Don Miller: The following is not to express any level of happiness or unhappiness with the build:Received change orders totaling $14,970 for 18 additional loads of fill dirt over allotted amount in contract (fill dirt arrived in December 2022), 7 loads of septic sand over allotted amount, and rock excavation at the septic site. make sure to ask for the tickets. if they are putting 6 yards of soil in a single axle truck you are getting ripped off.

Adding paint and replacing flooring is not going to add much value in the typical case.  

Just recently I undertook to do some significant painting at two of the buildings and my wife offered to help me out.

Floors will get stained and refinished   Back yard and front yard will get freshened up along with a coat of paint for the facade.Budget is 20k

I'd like to meet the property management company and the business people(cleaning and handyman related) so I could paint a better picutre.Thank you for the info.

They rip the borrowers & investors off.