Paint, carpet cleaning etc.. 

You can have a house built in the 70's that still has the orange shag carpet (yes, I've seen it!)

They should be taking care of all of the big-ticket functional items - roof, hvac, water-heaters, plumbing, electrical, flooring, sinks, tubs. etc.If they are just throwing down paint and carpet, then you'll probably have a high capex in the next 5 years.James

It's a bank-owned property that needs new carpeting, paint and a good cleaning.

this is my dilemma I just had a tenant of two years who recently moved out on doing the move out inspection I saw that the carpeting which was installed just prior to the tenants moving in had  black paths around where I guess the beds were, the carpeting has buckled in areas from the heavy furniture that they had and its completely matted and no amount of steam cleaning will restore the carpeting.

The flip is pretty minor, list of what is needed is: paint, floors, carpet, vanities in 2 bathrooms, replace counter tops with granite, appliance package, replace all ceiling fans, lights and fixtures, replace all outlets. 

Kitchen with carpet on the floor. 

One of those games is to dial up your depreciation by breaking out certain components like appliances, carpets, concrete etc.

Wood floors and carpets were ruined. 

What I did was removed all the carpet which was trash anyway, then painted portions of the subfloor with Kilz Original.