There is a long list of things, i agreed to take on more than 50% of these 60+ big and large issues and requested the seller fix just the big items:Both oil tanks are rusting and need to possibly be replaced, one missing a leg and sitting in cinder block.Heating unit in one apt is 21 yrs old (life is 20-25)No smoke/CO alarmsElectrical panel in one unit couldn’t be opened bc tenant said it sparked after recent stormOther electrical unit has dual wiring and a couple cloth insulated wires (really old)Deck is rotting and support beams sit on dirty not cement basingThe garage roof is at end of lifeThe garage walls are cracking & bucklingThe response from the sellers agent is that they are not selling a perfect home and will only take 1-2 things to consider from a list of 60+!

Hi Stephanie,Pink front door, green ceiling, purple walls.And who knows what quality of workmanship or sloppiness she has.And if she falls off of a ladder are you carrying workman's comp.If the paint is ready for a repaint, it's intelligent to hire a professional painter with professional drop cloths and insurance.The downside is where will the renter live during this (stinky odorous) commotion, and all of the renters belongings are exposed to theft by the painters.Good Luck!

Like clothing you can go to a outlet and get same stuff cheaper than mall. 

Estimated renno/appliance costs: 2x bedrooms LVP: $2.5K ($5/ft2 installed guestimate over 2br @ ~200ft2 each + $500 in noise treatment) 2x bedroom low-profile ceiling fans w/lights : $800 ($250 labor + 150 fan 2x based on extra effort to locate mounting boxes, assuming they exist)1x new shower/tub prefab insert: $3.5K installed (guesstimate) 1x new toilet $400 ($250 standard 1-piece + $150 labor)2x shower-head upgrades: $100100% repaint : $5.2K (1600ft2 x $3.23 ft/2) may opt to do myself100A breaker panel complete replacement & upgrade to 4-prong 220V dryer connection on other side of wall: $2k (guestimate, original panel is still present and 100% not staying)Non-ancient washing machine: $750LED light upgrades/replacements: $100Kitchen cabinet touch-up + hardware + adjustments: $500 (guesstimate)Outdoor storage room rehab (mold remediation, drywall gut + replace, leak repairs): $3K (total guess, it's like a 6x8 Outdoor patio concrete pad & rail cleaning: $50 Microwave: free =) Lock replacements: $350 (schlagre encode + basic patio lock change) Keurig Coffee Maker: $150Kitchen pots, pans, bakeware, utensils, cups, plates: $300 + donating my spare setsMisc electrical work: $500 (replace light fixture, fix outlet(s), re-wire light switch)RENNOVATION TOTAL: $22.2K or $27.5K with contingencyFurniture, linens, supplies: 2x queen bedframe & box springs: $5002x queen mattress: $800 2x XL twin bedframe & box springs: $5502x XL twin mattress: $5506x nightstands: $7502 full size, 2 half size dressers: $500Mattress covers: $1006 queen pillows, 4x XL twin pillows (1 spare 'set' for each mattress): $180Bed sheets x 4 each mattress: $300Bathroom linens: $200 (16 wash cloth, 8 hand towel, 8 regular towel, 8 washable floor mat) Metal outdoor patio furniture: $2003-piece couch set: $70050"+ TV w/ install: $600Kitchen table + 4 chairs: $400Misc crap (soap dispensers, wifi router, wifi thermostat, cleaning supplies, doormats, artwork, mirrors, lamps, air freshers, air filters, TP, etc.): $1000  FURNITURE TOTAL: $7,280 or $10K with contingencyOther thoughts:Kitchen cabinets have already been painted/hardware upgraded poorly.

if any, I would think I should be responsible for the utility usage during the drying/construction time, and maybe cost of their old clothing used to soak up water.

The 3X rule assumes the tenant is using the other 2/3 of their income on expenses like food, clothing, entertainment, utilities, automobile, etc.

Clothes, bed, couches, chairs.

I dont have to deal with the midnight call the the fridge died and all their food is going bad....or the washer damaged their new clothes.....Yes tenants can damage the property moving them in/out.... but they do that with sofa, beds, chairs- and everything else them move in/out.

I also know someone who has a coffee, gelato, and women's clothing shop with 2 airbnb above the shop and think they do fairly well.

I also know someone who has a coffee, gelato, and women's clothing shop with 2 airbnb above the shop and think they do fairly well.