This pic does not show it but we have new gutters already and landscaping to be done soon.I was thinking buying new black shutters, keeping the rest white and painting the front door black or red.

Other than it being smaller, painting a house between tenants is going to cost the same, a new roof will cost the same, a new air conditioner, hot water heater, furnace will be the same cost etc.For instance, it costs us about $1,000-$1,500 plus a months rent as a leasing fee. each time we change tenants, by the time we paint, do landscaping, repair damage, change locks, patch holes, paint walls that need to be painted get a make ready clean. 

If it's small (paint/carpet/counters), 20ish could be okay. 

I currently have my funds ready (hardmoney).My goal for the first flip is to simply find a property that only needs upgrades in the kitchen, bathroom, paint job, flooring and any other" small" items that will add value.

We aired it out for days, sanded down the wood floors and resurfaced them, cleaned and painted the walls, and used odorxit AQM, and managed to clear the stench. 

For example, you buy the place and the tenant could claim the Seller allowed them to paint the walls black or that their security deposit was twice what the Seller claimed.

Getting ready to sell a rental, and realized how much I forgot about doing a big painting job. 1/4 of the way through I broke down and shelled out for a 18-inch rollar and big painting tray.

The next project I have is drywall patching, paint and an oven install in Redondo Beach.

RENOThis part I get, flooring, paint, landscaping, updating bathrooms, kitchens, etc.

For example t must have hand rails, and no peeling paint, no holes in the walls, but aside from that, I rarely ever see properties get denied because of condition.