Assume that the interior will need every bathroom and the kitchen gutted and you'll want to put in new flooring throughout. 

Interior is freshly painted 3.Interest rate is at 4.25% 

The tenant was also charged $130 for tenant caused repairs (I.E. dog holes in back yard).The work needed upon move out was:- Full paint including ceilings in all 3 upstairs bedrooms - normal wear and tear- Paint interior and exterior doors front and back - normal wear and tear the sun beats down on these doors- Fill in all nail holes and repair where old curtain rods were on windows- Install smoke alarms - normal upon move out- Change furnace filter - normal upon move out- Fill dog holes in back yard - Check all plumbing and electrical to ensure is functioning (switches, plugs, outlets, drains, faucets) - precautionary to avoid maintenance issues as it is cheaper to do everything at once rather than have several maintenance calls after a move in- Roof repairs - not tenant damage- Ceiling repairs in upper bedrooms - due to roof leak- Repair storm door on front and rear entry- Remove all debris throughout the property- Check all cabinets, doors, hinges, are tight and open/close as they should - precautionary to avoid maintenance issues as it is cheaper to do everything at once rather than have several maintenance calls after a move in- Repair kitchen cabinet that is leaning forward - minor repair- Install shower head- Reglaze bathtub - not tenant damage- Install light bulbs in every socket - normal upon move out- Check all ceiling fans operate and install globes where missing - precautionary to avoid maintenance issues as it is cheaper to do everything at once rather than have several maintenance calls after a move in- Change front and back entry door locks - normal In move outYour response below:Skye,Isn't this supposed to be covered by the tenant's deposit?

Purchase price: $3,000,000 Cash invested: $1,000,000 Offered $3,000,000 12 Units, 2 Bed, 1.5 Bath Complete Interior Remodel100% OccupiedGross Rents $247,000 per year

Here's a list of what's included with this home:New drywall & insulationAsbestos abatementNew copper plumbingNew air conditioning, and FurnaceNew recessed lighting throughout New bathrooms (two bathrooms)New kitchen cabinetsTankless water heaterNew garage door New roofHard-wood flooring ceramic tileNew granite kitchen cabinetsUpdated Fireplace in the living roomNew interior and exterior paintI'm no expert but this seems extremely high.

Obviously it depends on the property, so some areas I’m thinking can be improved are window replacements, exterior painting or interior painting.

The interior wasn't affected. 

Can we pour the concrete floor and use concrete waterproof coatings on the interior walls?

For the cost of one guests's stay an owner could have all new interior and exterior photos that draw in many more guests year after year.

View report*This link comes directly from our calculators, based on information input by the member who posted.This is my 6th deal analysis, recently renovated house with a very pretty interior and exterior and new appliances, probably flipped.Not considering buying this property because of the low/negative return but I am curious about y'alls thoughts on my analysis.