I even brought in a decorator I know to pick out paint colors.

Whoever said you have to stucco everything also, whatever happened to painted brick or block.There has to be some ways to build cheaper with newer techniques.

If a tenant moves out, hire a broker to rent the place again and your handymen can complete any work or touch up paint in between tenants.Hope this helps you!

Then, HVAC, Paint, floors and fixtures.

Thanks for the input, @Rich Ng!

Hi all,I have been a resident for 4 years and there is a lot of work as far as paint, carpet etc. that needs done to get ready for a new tenant It was pretty much trash when I moved in and mentioned so on the checklist but nothing is really covered in the normal wear and tear.

Not to paint a grim picture, just a rality I deal with all the time unless margins can afford remote autopilot or hands-off I call it. 

The purchase price is $750k.Gross Annual Rent is: $91,800Expenses include:  Property Taxes $6,300 Property Insurance $6,000 Water / Sewer / Trash $7,200 Advertising $0 Live in Manager Free Rent $8,400 5% Repairs / Reserves $4,590 5% Vacancy $4,590 Total $37,080 As you can see above, there is a live-in manage who takes care of everything from painting, re-tenanting, collecting rent, etc.

With single-family homes there are constant repairs from new roof's to HVAC problems, to leaky basements, to peeling paint, to bug infestation, landscape issues, the list goes on and on.

A good power wash and coat of paint on the outside goes a long way too.You can get estimates from many mobile home-specific contractors that understand these needs if you are not going to do it yourself.Basic repairs on a decent old home can run between $2,500 to $15,000 depending on how bad of shape it's in.