To find this new amazing tenant, we first took our time ~ We repainted bathroom vanity.

Repainted entire house and new flooring in kitchen and bathrooms.

Maybe those bets pay off, maybe you get burned and now have to make up for those losses to get back to even and then keep going to get ahead.If you are planning on investing for the long term, just remember, that the average single family needs north of $400/mo reserved to replace the roof every 25 yrs, repaint the exterior every 15 or so years, HVAC every 10-15 years, flooring, interior paint, kitchen remodels to keep rents high, bathroom remodels, new decks, fences, retaining walls, garage door openers,...  

If it is, have the areas repainted and charge the tenant if they won't clean up.

Easy to re-paint and looks nice. 

Personally I would sell it but you have plenty of options $7-8K is low; it cost $20-$25,000 to repaint it after tenants, plus additional damages if any.  

I have also, in some rare situations, let a tenant out of a lease without penalty, such as a job loss, or moving out of state, things like that.I had a few applicants who wanted to repaint to a different color, I said fine, but can't be a DIY job, it must be someone professional I hired, a color we both agree on, and the tenant pays for it. 

The properties I help manage are all listed after the home has had a deep clean, touch up paints or repaints (no scuffs or marks on the walls), carpet cleaning (making sure there is not any dirt or stains), pressure washed, and has all hardware throughout the home property secured and functioning.

walking into a property pulling the carpet finding hardwood bingo i just stuck gold original flooring in a property thats 40 50 60 years old says aloat about a home i try to refinish as much as i can, some times you'll run into areas you cant refinish but if you have a full home of hardwood depending on what you need you can sacrafice a closet remove wood to patch other areas or sacrafice a bedroom if need be. lets say i have a 1960's original muscle car original paint what does that say for my car although you dont know that i replaced the front door and fender from the same type of car with the same color has the car ever been repainted no

This way you can get matching paint for touchups or repainting if needed later on.