Sold for $1.16m within 2 month...New owner repainted it (judging from listing picture) and put it on market at $1.6m...So in less than 3 years, went from $700k to $1.6m with minor renovation.... when location and tenant base remain largely the same like 3 years ago.....how much more crazy can the Phoenix MFH market be?

We added value to this deal by making the following cosmetic changes:- Repainted the entire unit- Updated all outlets and covers to be uniform (a few USB where applicable)- Updated all light switches to 'flat panel'- Updated kitchen cabinet and drawer hardware- New stove & range- New sink outlet- New kitchen ceiling fan- New toilet- Deep clean & high quality post/advertising to emphasize the value the condo has to offer What was the outcome?

We painted the exterior, shutters and doors, repainted the inside, replaced the bathroom, put hardware on the kitchen cabinet doors, replaced the flooring in the kitchen and bath and cleaned the carpet.

I make an extra $1,200 a year @$1,100 renr but have to re-!

Should have made it a clause of the contract.Here's the problem though, they are paying under market rent and when they come out of the apartment, whether you like it or not, you will be repainting the apartment and doing a bunch of repairs.

If the previous tenants trash the place which many in the 3% areas will you will probably need to repaint, throw away a lot of trash, and clean and especially the painting can get expensive.In regards to renting rooms the maintenance might be lower but 1 thing about that is the amount of leasing to be done. 

I redid the guest bathroom, updated light fixtures throughout the house, repainted the whole interior, updated appliances, built furniture, added a garden space and a variety of fruiting plants, and so much more I can't even remember.

I'm flipping a house right now and we opted to put on vinyl siding rather than repaint the wood.

You will need a portion of the income to build into a reserve account to be set aside for capital improvements (re-carpeting, new appliances, repainting, etc). 

I was going down to the laundry room and he told me to stop at the bottom stem , he just repainted the concrete floor because he spilled stuff on it and it bothered him .