We have a 6 month-1 year plan of replacing the entire siding on two of the buildings and repainting the 3rd.

Best part is the company you buy from usually does a 12 month touch-up to fix nail pops, wall cracks, repaint, etc.

I am told it doesn’t need any repairs but I am still assuming $5,000 to repaint and anything small to get it sale ready. $20,000 in commissions which if you have a buyer I am sure they would list with you (I think you are an agent too?)

Since I only have 25k and 12k would go to downpayment that would give me an additional 13k I could either spend on improvement for the property (outside could use some new asphalt, little landscaping, repaint fences and exterior).

Let them make your house their home - and stay longer(you would anyway repaint the whole house after long-term tenants leave) 5.

Most of the time most problems buyers find with homes are cosmetic or an easy fix such as re-painting a room, swapping out some plumbing fixtures etc. and are very easy to do.

I plan to replace flooring and repaint the interior.

You don't have a lot of painted areas, so consider repainting the place. 

I think the owner, who's pretty laid back, would suggest we hire a handyman and patch a few places, re-paint and fix the fixtures that were burnt out, and he would think he could get it all passable for $3-5k.

.- updates include:- replace a broken window- add in-unit washer dryer- remodel kitchen- update bathroom- estimated budget: $20,000Unit 2 (3 bd/ 1 ba): Currently Owner Occupied - Rent for 1700- updates include:- update bathroom- re paint to match the unit below - unifying paint colors across all units seems to be a good idea- new door and closet in the third bedroom, currently configured as more of an open office-estimated budget: $10,000