Really need to know the extent of the damage you're concerned about to offer an opinion.Many landlords in these parts just patch the walls when they repaint, and don't mess with the foundation as it moves around.

You'll have drywall cracks, so you should factor in drywall repairs and repainting. $$$4.

At closing, the exterior of the building had been repainted, 3 of the 4 empty suites had been completely renovated, the roof has been repaired (by a new commercial roofing tenant who traded repairs for a month's free rent) and the building was now 100% occupied and cash flowing $5250/month.

This is a metal building withsome rust spots, in need of a repaint, falling fences, etc.

Drywall work, full prime & re-paint, and a hundred misc items?

I re-painted the main house, added sound proofing to the drywall, refinished the bathrooms, added new light fixtures, and just finished converting the 2 car garage into its own unit, one of the bathrooms is downstairs near the garage door, so instead of adding a bathroom in the converted garage, I simply gave them that bathroom (cut down significantly in costs as well).

If a potential tenant doesn’t agree with that policy They can go rent off the neighbors and let mr. whiskers spray urine on his carpet . in lower income areas the tenants can barely clean up after themselves much less a dog or cat . a pet deposit of a couple hundred bucks isn’t going to be of much good if you gotta tear out carpet , laminate floors ,replace sub flooring and repaint the drywall in heavy primer renting ozone machine after they leave to get the stink out .

I hadn't lined everything up so I estimated some costs including repainting and replacing the carpet.

The only risk I can see is the wear and tear on the property while they are in it, but I'm planning to repaint + replace floors anyway. 

There were all sorts of issues on that property, I don't think the units had been repainted for 40 years, but the tenants paid like clockwork.I'm sure they let that thing go for a song.