It was thirteen hundred fifty dollars just to repaint that rear bedroom ceiling yet again and patch the hole.

*Picking the wrong paint colors in the bedrooms and living room (we ended up repainting ourselves).Do we see a profit or was this mainly a learning experience?

The following is some side information I want to share so if you have enough info please skip to the link.Back then it had a hole in the roof and holes drywall in a couple of units, which has been recently fixed.Other issues include: outdated kitchen(all 4 units), missing carpet in living room areas, rotted doors, needs repainted stucco on exterior walls and new paint interior as well, updated ceiling fans, and ceiling paint, updated Water heater and HVAC, replaced glass windows, repair door frames, overrun landscaping and trash, broken cement drivewayUnknown information: water/plumbing issues, electrical issues as it was winterized when I looked inside the home.Upgrades I want to add include: Security lighting/system,up-to-date kitchen, update fireplace molding, paint parking areas,update all entryway door and closets, carpets to laminate flooring, examine windows and doors for gaps to reduce heat loss, if need be examine plumbing electrical and heating ducts.Analysis:Quad plex in same neighborhood with same stucco construction and year  sold 4 months prior for 232K w/ no new updates just clean livable conditions. 2 Quadplexes that are brick construction and older  models but have been updated to 2015 and currently pending contracts for 315K.What numbers am i missing.

Popcorn is definitely out especially when you have to repaint them.I remove them but the best one I had was a '70's SFH that had adobe plaster walls everywhere!!!

The home would be rehabbed (to the value of around $13k).Truth: Judging by the state the property was in when it was finally opened up and cleared out/cleaned/repaired/repainted etc by another, much more honest property manager that I thankfully found, no rehab had taken place in the last few years.

"yes I want you to repaint and move that light....remember that mold issue we dealt with?....

Triple coating windowsills in a lead encapsulating paint... repainting "friction points" (think doorjambs, old cabinet doors, etc.)... repainting old wooden porches/decks... all of these things can reduce the potential lead hazard without breaking the bank.  

They probably had water dripping from the ceiling and had to repaint at some point.

The tenant just moved out: the yard is overgrown (past my knees for about 70% of the yard and taller than me in some places), they left a truckload of junk behind, the carpet that was brand new at move in is stained, and about a third of the house needs to be repainted after all of the necessary drywall repairs.Your local landlord association or REÍA should have a checklist template for rental inspections that you can use as a template.  

For this one, for instance, I can tell I have a kitchen rework, 2 bathroom guts, at least some window replacements, a lot of landscaping cleanup, entire interior repaint.