This would have covered paint and cleaning that you may or may not have needed.  

Lead paint and lead pipes are going to be probably your biggest worry.  

Since closing on our current residence we have basically updated everything (outside: deck, roof, paint, inside: paint, bathrooms, appliances, flooring, etc).

Next door squatter had piled up old siding, with old paint on it, and he was burning it in the chimney in the winter to stay warm.

It is a townhouse we bought at the courthouse and luckily the rehab was just some drywall work, new floors, paint, appliance, and countertops.  

It was very nicely renovated inside with laminate hardwood and tile with nice new paint.

I have completed a few flips, some patch and paint and some are complete renovations.

Everything is going on in the market.Charlotte has one of the most active RE markets in the US.This is an extremely broad question, but some basic economic research on RE trends for the area should paint a good picture for you.

In the meantime he's bugging me to paint the outside hallway.

I figured at least a coat of paint at min to make rentable, or about 20k to bring both sides up to date partially...