Hi BPers' -
We're a licensed lender in California. Just started to experiment with small fix up loans to home sellers. Compass and Berkshire are offering home sellers ZERO interest loans to fix up their houses for s...

Rehab choices - We decided to do a full refresh.

Kept refreshing posts until we found our tenants. 

Maybe just ask if they could refresh the walls + floors? 

If the compition demands a higher refurbishment (counter tops, and cabinets) then do that, but just a refresh on this unit (from the pics) looks like paint and LVP might be enough.I'd leave the cabinets and counter tops brown (unless competition dictates redoing them).Also a daylight bulb in the kitchen of the highest wattage the fixture will hold might make the area look better when you show it.The less income the resident has, the more bulb wattage they seem to like in the kitchen (they cook at home more).Good Luck! 

I've gotten some expensive quotes for refreshing etched finishes. 

The owner has to decide whether to refresh a mall for 1 billion in costs or more or change the use for cheaper to something else that long term might be more viable for that area.If it's an old mall in weak suburban to rural area then much more limited on what can go there or be changed to.

He suggested the following as rules of thumb:Multifamily $100/month/unitSingle Family $200/monthCash on cash return 10-12% (annual cash flow/total cash invested)Equity of at least 25% (property value-debt)Total return over 5-10 years 15% (double the stock market) as measured by (total profit/total cash invested)/number of years1 or 2% rule-- rental income generated/purchase price = at least 1% or 2%Even if you know all these things, the webinar was a good refresher.

If I own commercial RE I am thinking I need to lower the price to lure tenants right now (or sell it at bare bottom prices to the Chinese, Japanese, Saudi investors who are persistently calling)!!

The surfaces in the property were well used and thus had to be refreshed.