Basically, the whole house is peeling, and the lead paint needs to be remediated inside and out.I imagine a scraping/light power washing method to get the loose stuff off the exterior and then repaint to encapsulate the paint is the best method.

Our neighbor was having their home repainted last summer and the crew that was working on their property was dry sanding off the old paint and burning off some of it.

THE REHAB:2 Bathroom remodelsNew Flooring in Living and HallwayDining room converted into 4th bedroomMisc Updates/RepairsLandscaping & Tree RemovalNot quoted on paper but discussed/agreed to include in total price: replace 4 ceiling fans, replace exterior door, add door to formal dining room, install misc items (i.e. smoke alarms, wall outlets where needed, light fixtures, etc)Original quote included a complete interior repaint (walls/ceilings/cabinets/trim/doors); it was $4.5k.

I don’t have another couple grand right now to re-paint it.

Good Morning,We have purchased our first rental and it's been on the market about a month, roughly 2 weeks with updated pictures since we repainted it.

While the property doesn’t need any repairs, I’d like to repaint the walls, get rid of the tube TVs, and other minor interior updates.I’d be able to take a month off of work about 7 months from now, which would be an ideal time to buy it.

The tax value is 92k with an arv of around 115k since the next building is the exact duplex renting for 596 each side.Also, the dining room could potentialy be made into a bedroom by adding a wall thus making it 2br and 1 bath per unit.The "minumim" repairs to be able to get one unit rented at 375 or 400 again will be around 5k after the purchase of the property to replace windows/repaint and some maintenance.If I bought this unit for 40k and 5k to repair 1 unit the numbers are not great but the potential for this property is incredible.I live 50 minutes away and can do most of the repairs minus the roof and windows but am stretched thin. 

Now , it’s been repainted with new windows etc. according to the updates pics on realtor.com

For the tile grout, I suggest you just re-paint them using the stuff they sell at Home Depot.

The major killers of condo income is the HOA fees and assessment fees that cover any big ticket items like major roofing repair, major plumbing repair or repainting the building just to name a few.When you really consider all the options, sometimes it’s better to invest OOS in a SFH and have a PM.To your success!