But if we were able to look at them 20 years from now, all with a new roof, a couple of re-carpetings, re-paintings, replaced HVAC, etc...., and a few months of lost rent due to vacancy, I am sure it will be very close to 50%.Nobody argued MORE against the 50% guideline than me when I first joined Bigger Pockets, I thought it was way too high.

While it may be rentable as is, I would assume a better renter would look elsewhere due to these conduit lines being exposed, so I would get a bid on having the wiring put inside the walls and the walls repainted. 

I have a strict policy in my leases that changing room colors is strictly prohibited, however I have a family that has been in my first duplex I ever purchased, they are great tenants and they contacted me and asked if it would be okay to paint their sons room a light blue instead of the standard white all my rooms are painted at first I wanted to say no until my mentor told me to rethink my answer, like he said I will need to repaint the room either way if/when they move out so what will it hurt if they paint it now and it keeps them and their 9 year old son happy? 

Scrape loose paint areas first, repair any damaged shakes, and repaint entire house. 

They seem shocked that they need to repaint an replace carpet, like they think owning property is only rainbows, puppies and cash flow. 

This is assuming average wear and tear on the property  6- 7k,  2500 all new paint, 2k flooring, miscl 2kish,@Bob Stevens you replace all the flooring and repaint the entire house??? 

And then eventually there are HVAC to replace, water heaters wear out, carpets need to be replaced, new roof, walls need to be repainted and on and on.

do you recommend month to month or 6 month or 1 year lease.What are best cheap strategies to turn around units from old tenants to new tenantsAre you all using vinyl plates (LVP) floors to avoid dirty carpet issuesHow are you managing repainting?

Did a complete kitchen upgrade with granite CT, new appliances, cabinet repaint.

And, I also need to repaint the walls too.