In this case we maintain the property to the highest standard (clean/touch up daily) and wait. 

Best way is set a spray booth in garage use airless spray uncut baseboard, cut install and chaulk brad nail holes and touch up

Let me list what you may have to update, fix, or replace:1) Roof2) Paint (inside, maybe exterior too)3) Garbage Disposal4) Carpet5) Hardwood refinishing6) Ceiling Fans/Fixtures7) Garage Opener8) Door Sweeps and weather stripping9) Countertops depending on material and abuse 10) Cabinet hardware, touch up if they are nicked, scratched11) Appliances (plus repairs when they come up)12) Drains may clog13) Periodic Caulking inside and out14) Possible gutter cleaning15) Air Conditioning and/or heating system16) Pest Control17) Turnover Costs between tenants (power, water, time expenses, handyman expenses, cleaning crew potentially18) Bathroom Exhaust Vents19) Electrical Outlets sometimes have connections burn off (repair expense)20) lock changes between tenants21) Updating of unit to keep it marketable22) all others as this list is not all inclusive.

TOUCH UP THE TRIM AS NEEDED.

The house could use some small cosmetic touch up, like paint in the upstairs rooms, but the kitchen is nice, granite countertops, nice appliances, the washer and dryer isn't new but that didn't seem to be a problem when others have come to rent the rooms.I wouldn't mind making this a rental for me, while I focus on getting a condo for my family.

Is it mostly cosmetic touch ups?

Some tenants can be pretty hard on the place.Keep leftover paint and write the unit number and room on the lid for when you have to do touch ups. 

The second company told me  they can touch up the wall if needed but not the floor for there could be another water backup.

You can usually touch up if paint less than 3 years old.

We have just a couple of items left to touch up in the areas of the new "body" colors then paint the trim and that's done!