In that case, once the eviction was complete, we stripped the damaged carpets, had the hardwood floors refinished, changed the blinds, changed the light fixtures and added ceiling fans, and had the unit repainted by a professional.

Bigger square footages, or more bedrooms, or a pool, etc... in short- better amenities... maybe a refinished kitchen with a nice appliance package or refinished bathrooms.  

Evicted one tenant (cash for keys) and renovated the siding and refinished all of the wood things (cabinets, doors and molding) on the inside of the house.

My plan is to put 50k into refinishing our home and utilize the 1031 tax deferral clause with the other 50k.  

The basement had some un-finished spaces, but most of the basement had just been beautifully re-finished with a mother in law apartment (which I was going to rent out).

Kitchen Rehab, Replacing Single Pane wood frame windows with new Vinyl Windows, Vinyl plank flooring throughout main level, Refinished original hardwood floors throughout second level, Stainless Steel Appliances, Re-glazing Tile and Tub in bathroom and re-decking front and back porches.

I've refinished the kitchen and bathroom for GREAT deals so far.

I know some fixes will need to be done; new carpet & paint, new countertops, new oven/range, refinish cabinets etc.

The roof is brand new.The obvious fixes include: new kitchen, refinish or replace floors, reconfigure second floor slightly to fit laundry beside the bathroom, repair plaster as needed, new lighting fixtures, paint, other cosmetics as neededThe biggest work I could possibly imagine include:Moving an exterior wall to make the kitchen largerStructural repairs to the staircaseAdd a second bathroom right above the existing bathroomAcoustical and/or thermal insulation for comfortI haven't gotten any bids yet but I would imagine that work could be done for $50-70k.

I do repair and/or replace anything necessary to have all of the homes major systems in working order such as water heaters, HVAC, electric.Although, I did buy a house for 16.5K, had the hardwoods repaired and refinished, replaced the HVAC, and the flooring in the bath and kitchen.