I need new carpet , I need new flowers bed  , I need new door, I need to move my apartment neighbors to loud, I need more parking, I need unit to be repainted, I need more time to pay rent, I need,  I need, I need ,I need.

If I like them after the first year lease I roll out the red carpet to get them to lock in for a 3-5 year lease. 

I am getting quotes now to determine if it is more cost effective to carpet (making it living space) or just paint the cement floors a solid gray (for a general purpose / storage area).

Property managers are incentivized to say "that needs to be painted" and "the carpet needs to be replaces" ... because they are getting a % out of it each time.

Most of the time they will pay, but offer some type of value, whether it be a carpet clean, paint, or cleaning the exterior of the propertyGino

Plus, if someone puts a hole in a wall or ruins the carpet those things costs the same whether it is in a $1,200 unit to $625 unit.

Prelim #'s I'm running show cap near 8% - however I'm fudging high on water (irrigation) if we tied into the city water - I'd like to have a well drilled and put in a warm season grass so the mowing season is shorter and it requires less water.Putting in vacancy of 5% though what I've noticed is the new developments stay full - also figuring Cap Ex as well, which honestly if we build right and dont own more than 10 years or so the only thing we should look at having to replace is carpet or a water heater which is minimal unless a hail storm or tornado goes through.  

Close to 465. 1100 sq ft.House was in rent ready condition and needed nothing with new carpet, new paint, updated kitchen, roof only 3 years old etc.Purchase price $51000Down payment at 25 percent $1275030 yr fixed at 4.75 percentTaxes 1020 a yearInsurance 560 a year.Rent $800 a month50 percent rule $400 NOIP/I  $200Cash flow- $200 a monthAny opinions?

For example, I almost always tear out carpet and replace with tile or trafficmaster, so my flooring costs are often higher than other landlords (at least initially).  

He picks out of 7-10 "common" rehab category cost items (replacing carpet, painting, etc.) , for different trim levels.  2).