I want to buy another property with bank financing once again, and I am not a DIY guy, so that rules out foreclosures where one pays cash sight unseen. 

Of course, within the framework of an IRA or Solo 401(k), it is not you investing in real estate with that tax sheltered money, but rather the retirement plan being invested in real estate.  

And once you know your situation based on your jurisdiction (see your relevant landlord tenant rules too) layout, and situation, you have two choices: (1) DIY or (2) Hire it Out. 

.- Additional subfloor (wood) and cement board (floor) $100- Shower cement board $75- Waterproofing Membrane (I like to do this) $150- Shower wall tile (80-90 SF) $150- Flooring tile (30-40 SF) $100- Tile setting and grout $75- Vanity with top and mirror (24" it looks) $250- Toilet, wax ring and feed line $100- Faucet, feed lines and trap $75- Trim $25- Accessories $40- Fan/light $150- Vanity Light $50- *Shower diverter valve with trim kit and plumber to install and help set tub/drain. $750- Screws, adhesives and fasteners (cement board screws, caulk, etc) $50- Paint $40- Miscellaneous $100TOTAL: $2530With all of that said these numbers would be my BASE run, and assuming I was spending my budget amount on each item.

You can buy a kit to do it yourself at a hardware store for about $15, or most stores have a service where they'll do it for a fee.If it's just a little touch up paint and you have the paint, I'd just do it.

Both are technically correct, but because the adjective form can be used to describe any property that is tenant-ready, it can be used in discussions of REI wherein the investor finds the prop themselves and hires a PM, like you're suggesting, which is more of DIY method (ok, not completely DIY, but more so than in the definition below).

I am 39 yrs old now if it matters:-)I have two very young kids and I am not a DIY handyman.

@Marcus Auerbach I think you've offered an amazing solution for DIY!!!  

@Kit E.

Wait until your sample size is 10 or 20 before you think about the strategy change.Realistically, other bidders may see more value than you or (if these are fixers) they might be DIY folks, contractors, etc.