Or it would be perfect for an investor who sees the incredible potential of just slapping a coat of paint on this place and renting it to some hipsters willing to overpay for a home that's walking distance from Pizzaiolo.

Like @James Wise points out, this will be taken care of with a title co at closing.  

Do some houses need a fresh coat of paint?

Used a tool to score the paper then soaked a sponge in fabric softener and coated the paper with that to loosen.

they bought it for $9300 it could probably take a coat of lipstick and then the pig would be worth low to mid 20s, maybe even low 30s if they sell it lease purchase or land contract.  

Putting a window in tastefully, and doing hard coat stucco that ties into the rest of the house could really make it a winner, and if the home is brick, stucco could work great if you paint the brick the same color with masonry paint. 

I did not budget properly for flooring and know it is not wise to pay 2-4$ per sf to refinish the hardwoods so they can be torn up in a couple of years so my options are a rebuff(screening) then coats of poly or laminate.

After putting in about $15k in to the house to "fix it up" ( mainly finishing floors and coating the horse hair plaster) my equity grew but of $40K.  

Also, before working with fiberglass coat exposed skin with baby powder it helps avoid fiberglass sticking to you.

I think it is riding on the coat tails of I35 growth.