Is there an active current leak, or was it just not repainted when the previous owners re-roofed the house?

Based on comps, rents can be increased to $1,000-$1,200 per unit after rehab.Rehab: It needs an estimate of $50k-$60k of TLC (re-staining the decks/replacing planks, modestly updating a few of the kitchens, replace floors/carpets for a few units, repainting parking lot, converting an office into a 1BR).

The house had several floor joists and trusses in the attic that were cut through in order to run venting and pipes that needed to be shored up, some rotted subflooring that was discovered in the bathroom, some drywall needed to be replaced, the whole house was repainted, added a water softener due to the hard water from the well leading to discoloration of the tub, and upgraded the fixtures to make it look nicer.

This makes is much easier to remember/know what paint color and type to have ready for repainting and touch ups.

I went inside and took some measurements and also a closer look at some of the repair… All of the trim needs repainted throughout the house and about 1" of wall above all of the trim needs to be textured and repainted.

Trying to replace the bad pieces and repaint the house wasn't a very viable option. 

I've designed a few kitchen reno's where we repainted the cabinets and replaced the hardware.

The rehab quote I got is as following: Kitchen: $1,800.00 Caulk/paint white area around cabinets $250.00 Sand/Finish existing cabs $150.00 Tile backsplash above existing cabinets $300.00 New range Varies Stainless Vent Fan above range $300.00 30”x12” over range oak wall cabinet $200.00 12”x30” oak wall cab $200.00 New cabinet handles $150.00 New faucet $250.00 Hall: $350.00 Remove mirror, repair holes, repaint walls and trim

Get the tenant out, repaint, stage the unit and hopefully that will make your property more desirable!

I'd treat this much like you would if someone painted a bedroom chartruse, they have to repaint to your satisfaction or lose deposit.