These areas always have the highest property values, and they are the most likely to support a high end rehab... granite, all new kitchen, hard wood floors, ceramic tile, etc.

The construction is usually good, and they have all had nice hardwood flooring.

Reframed windows, insulated everything, laminate hardwood floor downstairs, carpet upstairs, updated kitchen & tiled bathroom.

The higher end is for homes above $300,000 and gets you granite, hardwoods nice millwork ect.

Refinished hardwoods, hardwoods, or my new favorite, Allure.

To address your question: plumbing, sheetrock, interior moldings, exterior masonry, tile or hardwood, flat work, & landscape/irrigation.

Letting them paint, you are running the risk of:1. weird color like black2. cheap paint that will peel3. if they paint themselves, those paints might splash or drip all over your maybe carpet, appliance, cabinets, door knob... who know how it will drip.4. who knows what else they will paint... they might even paint your fridge, toilet bowl, windows, hardwood floor or fireplace... art students are really creative.

@Michele Fischer  I should have mentioned... it was hardwood floor.

Home does need a little cosmetics/minor rehab work to it (kitchen, sanding hardwood floors, 1/2 finished basement, etc.)

For investors that learn from websites like these, you have to develop what guys like Donald Trump learned at the Wharton School of business and Robert Kowalski has learned.You have to learn how to evaluate the ROI like should I use marble counter top or hardwood floors for a better result.I wish you luck on your journey and hopefully you understand if not others may.