No mold, no peeling paint, no broken fixtures or outlets.

Thanks Greg, here are the numbers:Purchase: $375,000 (short sale)Reno budget $75,000Comps on finished homes in the neighborhood are $700-850k and I have the ARV at $710k conservatively as the square footage of the house is on the lower end, but the lot is large.I have the profit under these assumptions broken down like:Sale Price : $710,000Initial Investment : $450,000Gross profit : $260,000Buyer agent 3% (we have our license to sell) : $21,300Investor PRR: $36,000Net profit : $202,70050% to Investor : $101,35050% to Me : $101,350Total to investor : $137,350Total investor ROI : 30%

I got hit by a hail storm in early July and had to replace skylights in all 4 units and broken windows.

When tenants move out, things will be broken, flooring will have to be replaced, walls will have to be painted.

Does the lease state the deposit will not be returned if the lease is broken?

In total we spend about 7,000 per floor on furniture -- that included 4 beds frames, mattresses, desks, dressers, chairs, floor mats, 2 couches, coffee table, end table, and entertainment center.Here's what we found:Pros:* Shows great because everything looks new, so I can command top rent for my area* Furniture is cheap so if it gets broken, it's easy to take out of the security deposit* Couches are easy to clean* Nixs and dings are easy to cover up with a markerCons:* Takes a long time to assemble all the furniture.

However, given the age of the furnace and the cost to repair the broken part, they strongly recommended a new furnace.

I think this is pretty much along the lines of credit repair as a payday loan or a loan shark, which are pretty much one in the same without the broken kneecaps.

We held on to the security deposit until it was all gone, but then returned it mostly in full (save for the cost to repair one broken window, and one hole punched through the wall - damage done by her teenage son that she claimed responsibility for).

They'd let their stuff sit there broken.