I had the property inspected yesterday and the property was solid structurally, plumbing, and electric wise, but it did have a bunch of minor problems here and there:- Guard rail on stairs needs reinforcement- 3 faucets need replacing- Water line not hooked up to one toilet- Washer not hooked up- Couldn't get Furnace to work due to Thermostat not functioning correctly- Dead mouse in a trap in crawl space- upstairs bedroom door needs re-adjustment - doesn't close shutWould this prevent the property from passing an FHA inspection?

But I will shut off the main water valve in the basement if I am not going to be showing for a few days, then turn it back on when I do the next showing (to prevent an "aw crap" water leak when nobody's there).You need electricity to have lighting for evening showings IMO, and lots of people want to look after work, hence the evening showings.And every now and then some prospect will turn on a faucet or flush a toilet, but most don't bother (surprisingly maybe, but I've learned that is the norm).

We had just completely remodeled the unit, new bathrooms, new kitchen cabinets, granite countertop, new microwave and fridge, sinks, faucets, plumbing (left the oven, washer and dryer from previous), new flooring throughout, fresh paint.It's one thing after another.

I did all the remodeling myself ( tiled showers, vinyl plank, kitchen backsplash, simple but attractive landscape, paint, new stairs, cheap but nice looking kitchen counters, faucets etc.

I've never seen granite counters (or ceramic tile, or crystal faucets or whatever) in a $350 rental before (or $500 or $1500)."

Especially in a small space like a bathroom, having the doorknobs, light and outlet covers, faucets, etc all coordinate is really noticable;3.

Im working with a seller now, and several issues we are addressing is changing out the mailbox (It is the same mailbox every $400k renovation uses, which wont fly in the $600s), changing out kitchen cabinetry hardware, kitchen faucet, repainting some rooms, and tearing up carpet in the basement to lay down a tile floor.  

All faucets and toilet parts every 5 years, etcI'm experimenting with creating a chat bot to allow the tenants to create work orders/repair requests via voice call, text message, facebook, or kik. 

Everything from light switch's to water faucets mold tester (Cheap enough)  everything you find is to your benefit including upgrades.  

3 NOI Factors:Increase the QUANTITY of the income Increase the QUALITY of your tenantsIncrease the LOYALTY of good tenantsProblems to look for:Rotting WoodCarpets Appliances HVACSinks, Counters, Faucets, PipesIn general, be careful with buildings over 40 years old.