Repaint and fully furnish Lessons learned?

It is hard to evaluate this deal without knowing what town or city in CT the deal is in.As far as your repair numbers go, to replace with vinyl siding or to repair and re-paint the existing siding it is going to cost you more than $6k.

How much for basic repairs such as repainting and carpet replacements?

You do want to spend little as possible as it's a rental and you will be repainting again in few years.

Condos in the neighborhood tend to be on the low side like 220k, or higher at 300k.There are very obvious problems with the interior, predominantly that the walls need to be repainted.

I was already planning on repainting the ceiling, so I added a small amount of texture additive to the paint and you can't tell there was popcorn before.

If you have the time to DIY it, it's pretty cheap to get new cabinets from Ikea (A quick guestimate puts it at ~$1100 based on two 15" base cabs, one 30" base, and 4 30" wall cabs), and their butcher block countertop is dirt cheap(~$200for 74" sheet of solid oak)You can also just replace all the doors; there are companies that will do that for you; If it's a standard size (and I imagine those are), you should be able to get replacement doors from home depot / lowes.Unfortunately, because of the style of those doors you can't just put new pulls on them or repaint them.

What kind of paint do you guys use to repaint a rental property/unit in between tenants?

Remember that when you lose a tenant, clean, repaint, etc. and lose a month's rent while doing so, that you now have about an 8% vacancy rate.

When it comes to improving a property I tend to do the opposite to the conventional wisdom.I know you appeal to the most by staying neutral.Yet if I repaint my interiors I always go with lime green....and sometimes I throw money into an unnecessary project just because I wanted to experiment with something.