The repairs were painting the entire unit for $1,650, a ceiling fan she claims was broken for $125, a stove filter for $170 and cleaning the unit for $320, she also has small items like a door hinge.

Do your best to ascertain whether or not there is an oil tank, lead paint, asbestos, or other potential contaminants that can become personal liability even if the property is held in an LLC.

Within those 3 years we updated the flooring and put some fresh paint on the walls.. nothing major at all, maybe around $5,000 total in improvements.

$1.50-2.79 sq ft to PAINT siding??

., paint) but nothing that requires a permit. 

PP was $537k, and needs minimal rehab - painting cabinets, painting walls, installing kitchen vinyl flooring.

So a full breakdown of the work that was done:New Roof and GuttersNew upgraded 100amp ElectricalNew Garage doorsNew PlumbingNew AC systemNew Kitchen - cabinets, SS appliances, granite counter, backsplashOpened Entry way to kitchenAccent Wall in living roomNew BathroomNew Front PorchInterior Paint (Exterior not needed)Recessed LightingLandscaping - fixed yard, removed tree and overgrown bushes, fixed fencingThe Numbers:Purchase price = 70kRehab costs = 32kSale price = 165kClosing costs = 13kNet Profit = 50kAnd now everybody's favorite part, pictures!!

General occupancy rates don't paint a complete picture for a rental property investor that is presumably looking for cash flow in working class neighborhoods.

I averaged in 10k for a new roof, paint and drywall repair on one wall, and possibly new floors.

This helps paint the picture of the possibilities that can be done.