I will say that if he moved, the bathroom and kitchen would probably need a fresh coat of paint and new hardware to freshen up the place.

After educating myself, researching the market, & looking for deals, I've decided my best get to jump to 50+ multifamily properties would be to coat tail an experienced investor on a syndication...

If your only value-add is a fresh coat of paint and carpets, a "C-bump" probably isn't going to happen.- Make sure you track when your future-comps close and become current-comps.

Offer Price- $110,000Appraised - $113,000Tax Appraisal website - $90,544Down Payment- $30,000PITI = $700/monthProperty Manager is confident it can rent for $1300 (Confirmed it also on RentOMeter.com)Needs:- new roof - picket fence - could use a new coat of paint in the living room.

We put the stain in a small handheld paint sprayer,   And he put a coat of stain on the bricks while I followed behind with a dry towel, wiping any drips.

A coat of fresh paint do wonders.Check the comps between the regular sales and sales of rehabbed properties.

We pressure washed, let dry for two days of full sun then painted two coats of tinted primer.  

You can still get cheap ($25/gallon interior) paint that you won't be doing coat over coat.Good luck!!

Handles and pulls came from the restore and were about $1/ea~Bought all our paint from the restore... it was quite a bit cheaper but didn't cover well so we did a lot of coats.

Westland is west of Dearborn Heights, borders Garden City, Livonia, Canton, Northville, Farmington Hills, etc, etc.when i first saw it in march, it had a lot of junk, but the owners moved out yesterday and they had removed EVERYTHING from it. just super pleased. it was purchased for 60k and i am thrilled. the inventory is so low right now that i can patch some holes, put a coat of paint and literally have a bidding war at 85k. but.... that's not what i want. that's not what i am after. i want the "passive" cash flow. i want the monthly checks.