You can take out a lot of complexity when you buy property that only needs maye paint & carpet.

Plus, you have to turn the unit over- paint, carpet, etc repairs?

Your property is fairly destruction proof, costs near nothing to maintain, yet you can charge above market rents.If your property is nicer (class B) where the carpet alone might be $6k or more to replace when the tenant spills hair dye everywhere, you won't be as happy as in the situation above.  

Agreeable grey with apartment tan carpet (or pet resistant tan carpet).

I had to replace doors, carpets, repaint.

I wouldn't do pets with carpet but then again I don't do humans with carpet either. 

Some Instagrammable indoor-outdoor carpet, chairs, and umbrellas, and you can take it up a notch for less money.  

Think on it, how much does $250mnth buy for a furnace, a/c, water heater, carpets, really any reno at all?

We have even first-responder equipment ready (carpet fans, dehumidifier, puddle sucker pump etc) to deal with the issue quickly and curb the damage, before we get the contractors in to do the repairs.

For example if you were to exit a new build in 5 years there may be no cap ex cost (i can think of few cap ex items that does not last 5 years - maybe carpet in class c and lower), just maintenance costs which would be fairly small.Best wishes