I worked for a developer who did subdivisions and the paperwork alone took up file cabinets.

There were beds, clothes, the kitchen cabinets were full, toys,  It was as though they just walked out.The fun part came on Saturday though when I met the old owner.  

What are the rentals like, are they modernized, with newer appliances, cabinets, countertops, flooring, or are they older and run down?

I may be wrong about this, but if I was going to buy from the city I'd field that question on BP and see what people had to say about it, and how their experience was. 3) Lastly, about the particular deal you're talking, I guess more particulars would be needed. 1/4 of ARV would be great if all you need to do is refinish hardwood floors, but if you need a roof, new windows, cabinets, plumbing or electrical work, paint all around, siding, tuck pointing and I have no idea what else, you could be approaching market ARV just putting your repairs in!  

what is the best type of paint to use on trim and cabinets.

No filing cabinet?

Question # 1 --- Which is right.Kitchen Cabinets - 5 or 27.5New laminated floors (on top of old hardwood) - 5 or 27.5Redo Bathroom (drywall one wall, new vanity/mirror/toilet/shower) - 5 or 27.5New Shed in backyard - 5 or 7 or 27.5References Page 31 of Pub 946 - http://www.irs.gov/pub/irs-pdf/p946.pdfPage 3 of Pub 527 - http://www.irs.gov/pub/irs-pdf/p527.pdfAll seem to agree these should be 27.5Sewer LineWindowsWater HeaterFurnacePlumbing SystemQuestion # 2 - I got a mortgage on a rental condo I owned to pay for this rental home.

If they are angry or in dire straits, they can damage the home further, sometimes by selling everything from bathroom fixtures to ceiling fixtures to kitchen cabinets and appliances.

The kitchen will involve painting cabinets, replacing counter tops, replacing the sink (same location), laying new flooring, and replacing the appliances. 

They left a gorgeous 4-piece Bassett furniture set in the master bedroom, a second bed, a double-recliner sofa, two end tables, two lamps, a TV stand, and a china cabinet.