You would describe it as "Landmark #D-123-36 ceramic tile. 8" x 1/4" x 36" - light brown oak.For paint you would pick your color and provide a sample and say "Home Depot Paint Item number #799-02-3645 and list whether the walls have to be stripped of wall paper (if any) holes filled with mud, surface sanded to smooth, stains covered with Kilz if previously stained, 1 layer of primer and 2 layers of paint with all edges having a crisp appearance.People can spend a lot of time on sheetrocking, mud & tape just to make the wall look good enough for painting if the wall isn't going to be covered with texture.

On the surface, it looks like a gain. 

It's important that those people understand that there is great risk that comes with doing something that might seem harmless and innocent on the surface (i.e. doing light renovations without a permit)

Purchase Price: $420,000Down Payment + Closing Costs: $98,000Repair Cost: ~$50,000ARV: $570,000Forced Appreciation: $100,000Deal: $420,000Comp 1: $545,000Comp 2: $620,000Comp 3: $580,000This was just a on-the-surface deal analysis and I was wondering if I was doing it correctly.

A population trend that looks bad on surface, could be a fantastic thing. 

Find a flat surface to put the stickies on.  

The tenant will also to be responsible for all damages to the property or adjoining buildings, caused by the overflow or breakage of water works."

Bc part of it was allowing a surface of it to catch excrement allowing it to stand.

Deals are hard to come by right this minute, but if I had to guess, there will be some multi-family opportunities starting to surface over the next few years.

We have seen properties that on the surface look good but either the reno costs were too high or the ARV too low to make sense and passed.