Certainly address the mechanicals, you will need to comply with HUD guidelines for health and safety and after that, it is up to you. the following basic materials are for you to consider when completing your renovation, while considering the future implications of tenant turn-over:*FlooringNO CarpetTile wet areas if this in your budget or simply install a resilient Rubberized Vinyl Floor plank systemGeneral areas - either refinish hardwood if existing or a new resilient tongue & groove laminate flooring*PaintStandardize the paint color throughout the entire interior, do not get fancy with painting different rooms different color, just more of a headache to deal with at each tenant turnover*ElectricalUpdated electrical schedule, new outlets and switches you want everything to be nice and bright, you want the wow factor no matter the area or rents, you want everything to be clean and look appealingNew Lighting schedule - consider using LED - it is brighter (better presentation) - more energy efficient and should be a smaller maintenance burned over time.

I am currently a turnkey provider in the Metro Detroit and Detroit market and majority of my business is through international outlets.

Many landlords don't want to be told to fix an electircal outlet, but then if you're going to be a professional in the real estate business, a responsible property owner, then the inspections are really no big deal.

With respect to getting the tenants out, let's start with this: do you know if they're currently month-to-month or in the middle of year-long leases?  

I'm about to buy a house in Baltimore where i just discovered the copper wire was cut out from from the basement and every wall socket in the house.I have my electrician going down there tomorrow, this is common in Baltimore I'm paying 9k for the house and 15k to rehab it rental condition and that does not include the electric in the budget I will get that estimate this week.I'm thinking about walking away from this deal because something tells me that the cost will be to highDetails : The property has all its walls which would make the electricians job hard and will require him to try and fish the new wire to outlets and its a 3 story home.What are your thoughts on this BP thanks in advance.

But, within a few blocks there's a new outlet mall going in, along with some very high end residential (one of the largest developers in the country bought it and lot costs are over $700,000 each)The lot we are building on has ocean views but is an infill lot, with varying sizes of homes.

Keep in mind, its only the guest and their suitcase coming in and out. Let

Yard signs and craigslist is what I use now, TV commercials and other media outlets are too expensive for me.

You want to test all outlets to make sure they are working. 

I'm going to just throw a number out, lets say total price is 180k.