We go with Black appliances actually. 

Unless there are holes, deep gouges or black stains from dog urine, I would sand and coat them with several coats of poly.

Reading a lot of posts on this forum it sounds like many of you look at the whole picture and it's not always black and white… To me the 580 and the bankruptcy are unacceptable at face value, however, the 7 years, the 4.7X, and 0 late payments since bankruptcy offset those blemishes.  

I've always told clients if you can see a black line no matter how thin between the planks they are installed properly and need a little attention.

It can be identified by two strands of black wire running through white porcelain knob stabilizers and Tube through insulators.

In the internet ages its easy to get black listed as an Investor.. 

Think like a guest: you don't want your socks to turn black while walking through the house, have a crappy mattress with flat pillows, rough sheets, not enough paper towels or toilet paper, bad wifi, etc.  

For instance, if your living room is filled with beer advertising, black light posters, and beat up old thrift store furniture, you’re gonna attract frat boys.

This is for the purpose of having a strong foundation that will minimize risk from any “Black Swan” event and will also increase your long term cashflow.When investing in real estate or business in general, one should always look to protecting the downside first before looking at the upside.Just my opinion 🤷‍♂️Regarding your $50,000 budget for turnkey.It will mostly be C or D class which I would advise against.High crime, lot of volatility, unemployed tenants and property management collects rents with a bullet proof vest and shot gun.On paper things look great, in real life they are much different.On the other hand, if you DIY in a markets like Ohio, Michigan and Indiana.You can definitely be into a B class asset for $50,000 purchase and rehab.Wishing you much success

It’s not a black and white thing, it’s not an either or thing, it can be a both and thing.