As the owner, you will be in the lead role.Some things that quickly surfaced:1.

My worse actual cap expense on any property I own was $41k (in 2003 dollars) when the city mandated my residence hook to sewer rather than use septic (drainage in high rainfall years was shown to be inadequate with sewage rising to surface).  

As someone that at one time did professional carpet cleaning I can tell you that home owner cleaning really only cleans the surface of a carpet.

No painted friction surfaces.

If those are working check to make sure the surface water is running away from the house.  

While I live in the main house and fix it up, I also want to build a house on the adjoining lot and sell it immediately after it is complete.

The solid surface acrylic countertops in the bathroom had burns in it as well.

on the surface if your looking for non appreciating assets scattered around the state and willing to do all this for that small of cash flow then sure.now the questions are have you accounted for everything.1. 

Also agree that two coats spray painted and back-brushed gives you nice even surface and a long coating life.

If you are changing lighting and plumbing fixtures, replacing or resurfacing counters, replacing/installing vinyl or other hard surface flooring, replacing appliances, and other longer-term upgrades, those are easier to run a separate return calculation on.