I can't speak for all TK providers, but since my model is designed for long term buy and hold, then I am going to over renovate the home with granite in A+ properties, vinyl plank flooring in high traffic areas, brush nickel faucets, oil rubbed bronze fans, brush nickel cabinet knobs/handles, new vanities, new counter tops, address 98% of the items in the buyers inspection report, thicker carpet and carpet pads in the bedrooms, ceramic tile in showers and bathrooms, new supply hoses on all plumbing connections, update electrical systems, fix/install fences, repair outdoor storage, etc.  

Locks changed and carpet/junk removal completed.  

There is carpet everywhere except the kitchen and bath.

It's super easy to install (can easily do it yourself), water resistant (We didn't want carpet), and looks really good. 

They won't loan on any property that has damaged unless it was something like a property that only needed painting or new carpet.

I would rather not sell the property as it has an amazing view is across the street from national forest and I fell the income potential out weighs the sell value.As far as the donation, I would in theory get a tax write off as they are titled much like a car is.When the house was in decent condition,(2003ish) i got $650 pr mo if im not mistakenI would have to do an almost complete rehab on it to get it in livable condition, New siding, roof, Ceilings, carpet, doors, back porch and patch alot of holes in walls.

.$25k in materials and laborMonthly holding costs: $557(int payments, taxes, utilities, insurance)House info as purchased:House built in 1971 - Solid B neighborhood - Great Schools2081 sq ft4 Bed, 2.5 BathNew RoofNew WindowsNew HVACVinyl SidingWork to be performed:New cabinets and counter topsLaminate downstairs and carpet upstairsNew vanitiesNew light and plumbing fixtures(tubs staying)New water heater Paneling removed from den and replaced with sheetrockWindow removed from eat in kitchen and replaced with slider to access the back yardSmall deck built off of sliderAnd obviously paint throughout.We will probably price it under market value and hope to sell it quickly(30-60 days) at $125k which would give us a profit(after commissions, closing costs, and carrying costs) of $22k-$23k.  

You state that you are having problem low-income renters so let's use the safe 50% rule, expenses are going to be higher, higher turn over, more repairs, more carpet replacements, more legal fees for 5-day notices, higher headache.  

Normal painting, carpeting, just redid the backyard put down new sod.

We drove by and saw the carpet rolled up to the side of the house.