So, I would be lending her money to finish the basement, putting some carpet, and doing some interior painting (about 15k so I'd make about 7,500). 

Well I believe the home will appraise at around 350,000 once I paint it and my loan is 240,000..

But I do know local managers that rip off out of state investors and such even tried on me but difference is im here locally and handle my own maintenance and such so harder to get away with overcharging me and such. let me make this very clear I do not offer turn key properties or practice unfair business practices as you seem to almost be implying but like described I do see happening nd this is why I question this cause I would like offer quality honesty and integrity where it is lacking .

, interior paint, appliances, landscape, chimney sweep and roof, with some brick work.

However, if it's something simple with just a kitchen, bathrooms, floors, and paint then you could easily use a "handyman" type contractor.

I padded the repair costs a little because some of the repairs have water damage that won't truly be revealed until we start ripping sheet rock out, but I was not unreasonable. 

I paid cash from my savings and have budgeted about $25,000 for repairs (new kitchen and bathrooms, new Hvac, and paint and landscaping).

I'm actually going to start a new topic on this since too many good people are getting ripped off.

I've purchased two co-op in Honolulu and was responsible from the paint onwards.  

They won't know all the interior looks or paint or anything.