If you are just painting and replacing carpet, you still need to move into the home within 60 days of buying. 

There is no given answer here, because the whole property needs to be relatively consistent.Kitchens and baths are the common answer, but if they are passable and you choose to invest in them anyways at the expense of peeling paint (or off putting exterior color) and overgrown landscaping, the appraiser and tenant will be walking up with a bad taste in their mouth, thereby not valuing the interior work you have done.But think about the general flow of someone looking to rent: more bedrooms will typically dictate more rent.  

When you take all five together they should paint a picture, but I also mentioned your gut is important (not your emotions).

I invested about $4000 in paint, tile, repairs etc to get it ready to be shown.

Nobody ever tests for lead-based paint in homes built before 1978, because once you test you have to disclose.

Just the other day I saw someone had used black sheet rock screws in the hangers on a brand new deck (non-permitted obviously, and not a single lag or any flashing on the ledger board, and they painted it immediately before the pressure treated lumber had even dried out so that’s going to peal in the first year, at about the same time that those sheetrock screws start to rust lol). 

It might even wind up losing another seat in the House of Representatives. the hazard waste is just an endorsement to the contractors license its a simple course you take .. kind of like home inspectors who are certified for lead paint removal or contractors certified for lead paint removal. its not a huge deal just a box to check..

I started my OOS HML  career in Detroit and that was 2002 and WOW coming from our area what an education I got.. my clients that were doing turnkey at the time and all the buyers were out of state ( basically LA based) the local on the ground operator was very good he had all sorts of tricks to try to keep the houses safe.. the one i really liked was painting the copper pipes grey so thieves would not steal them..

And so frustrating that nearly every article in the media was biased towards the tenants' struggles and painted landlords as greedy and unsympathetic. 

I have seen this in Milwaukee too many times, the only way to make it work is VERY hands-on.If you end up renting it in March for IDK net $200 the property will have lost a LOT more in the next 12 months just in condition vs what it looks like now (assuming that it is freshly painted?