Hello everyone,I have a 3 rooms that need to be repainted.

My concern is we are still stripping off lead paint from the exterior of the home in sections and then repainting as we go, we will most likely be presenting an unfinished property to appraise.

For instance, in a pure fix and flip, repainting would add to your basis. 

It really sucks to rent your $175K Fountain Square home to 3 young professional roommates at $1,950/mo to have to spend $12,000 after 3 years to deep clean, change flooring, repaint the entire home, etc.

Ive done a pretty good job before but would advertise after the old tenants moved out and I had repainted and repaired any damage BUT I missed out on rent until then.

This is to repaint and replace flooring.

At an 8 cap resale is 600,000Take 600,000 minus 6% commission = 36,000 Also factor 20k in closing costs and legal for resale600k - 56,000 = 544,000If the units are totally stripped rehab varies by area with parts and labor but figure if windows, roof, mechanicals, parking lot repainted and sealed about 13,000 a door depending on size of the units and mix.20 units by 13,000 a door = 260,000 in rehab600k - 260,000 - 15,000 when you purchased for inspections and closing fees - 56,000 listed above for when you resale as a seller is 269,000.So the most you could pay is 269,000 for this vacant building and have zero equity after rehab and just have the cash flow working for you.

Thanks @Brian, to clarify, you need to estimate for a full repaint (not touchup) in your repair numbers if you expect to wholesale to a rehabber.

So someone grabbed the property at 1 million, made improvements (added security gates, repainted, redid interiors of units, etc) and now is trying to get a premium price for it. 

Then grease fire got on ceiling above stove for about 7sqft, only repaint needed, 2x2 piece of drywall needed to cover bottom side of airduct in basement.