They should be taking care of all of the big-ticket functional items - roof, hvac, water-heaters, plumbing, electrical, flooring, sinks, tubs. etc.If they are just throwing down paint and carpet, then you'll probably have a high capex in the next 5 years.James

I've tried looking up the potential liability of a Salesperson in the line of doing normal work.There are a number of tricky things, especially here in NYC.Just to give a clear example, let's say your client is a Buyer and you are showing him a Property built in 1960.According to the the EPA, the Buyer should be presented with a Lead Paint Disclosure when purchasing any property built prior to 1978.If a Buyer never receives this disclosure, buys the property, then later discovers there was Lead Paint, then sues.... who can he sue?

So I'd check with city code book and see what's required,, all that humidity has to go somewhere,, and inside isn't where it belongs.Even if it was a private home,, the amount of moisture staying inside is bad for your house structure,, mold issues, paint peeling, rot, over time it will become a bigger problem

It's a bank-owned property that needs new carpeting, paint and a good cleaning.

I know you were painting with broad strokes for the general audience.

Some renovation completed, 2 units with new paint and flooring, 1 a/c unit and 1 unit in bad shape.

But really, in my mind, say you stay there and do some repairs and paint and furniture in the beginning, then maybe some time in between, you might meet those required days.

I have seen several homes that have already been flipped where they boarded up the fireplace area & painted it, etc.

After research and two visits to house (in Sayville, NY) there is interesting situation developing: this property is in very good condition, and need only some paint and few gallons of clorox, utilities are off, comparable houses in area were sold for #380-420k. 

All cosmetic stuff, cabinets, counters, floors, paint etc....Thanks!