A flipper would remove walls make it an open floor plan new cabinets granite, refinish the floors, paint, etc. etc, but a buy and hold would just do a carpet clean and put a tenant in there.

Cleaning Clean refrigerator $25.00 Clean stove top $10.00 Clean oven $30.00 Clean kitchen cabinets $30.00 Clean kitchen floor $25.00 Clean kitchen countertops $15.00 Clean tub/shower surround $30.00 Clean sink $15.00 Clean toilet $20.00 Clean bathroom cabinets & floor $20.00 Window cleaning (per window) $10.00 Vacuum/sweep through dwelling $40.00 Flooring Replace single laminate flooring plank $30/sq. ft.

Repaired and painted fencing; repainted and repaired exterior where needed; lawn care; interior paint in all bedrooms and bathrooms; small repairs within interior; added hardware to kitchen cabinets; removed insulation from crawlspace and added vapor barrier; flashing and siding repairs; removed junk from yard and exterior building...

In expensive areas finishes are at a premium that is disproportionate to their cost, for example a granite or quartz countertop and new kitchen cabinets cost maybe $10k to put in but in an $800k house they may command a $30k-$40k premium over a home with a 1970s kitchen, I'd go for dated but functional and do the upgrades yourself, much more value that way.2.

Purchase:Bought: 167k, CAD value 212k, Repairs: 20k ARV: 220-240kRenovation: Updated floors from carpet to LVP, prime and paint, painted cabinets white, updated fixtures and appliancesRents from: $615 per unit to $995.

TI...aka Tenant Improvements...your future tenant may want to negotiate different terms for the move in, like a few months discounted rent(this could be on top of the above mentioned vacancy) while they build out the place, or some concession for the Tenant Improvements, if you  have an empty shell it could require extensive work to make it business ready for different types of business, think needing to add bathrooms for a gym(dozens of showers and toilets, lockers, etc) or adding a fully equipped commercial kitchen(walk in freezers, special fire suppression, a few extra sinks or drains) With apartments, I rarely have to do extensive build outs or concessions for tenants, even if I have full on renovation, it is almost always replace the old with same but new, ie tear out old kitchen put new kitchen in same place, same plumbing, just new cabinets, and flooring(if you are at all handy, you can do most of it yourself, or be able to estimate accuracy of bids easily).

All that was left was to close the walls (which are open to be able to see the electrical and plumbing) and finish the kitchen cabinets.

Buildings$1,180,800Phase 1 2 acresOfficeif needed, plain storage unit 20x30; $25,000 insulated.Office setupif needed, $5,000- computers, printers, HVAC, frig, cabinets, etcFootingsif needed. ??????

I also take pics of all the inside of the cabinets, drawers, shelves, etc of our STRs, so if a guest asks if we have something specific, I can pull up the picture and let them know where it is (unless a guest took it in a previous stay).

I was going to paint the cabinets, add recessed lights and have the whole room plastered and repainted.