It was 90k which included new sewer line, AC unit, flooring, paint, lights, kitchen sink and counters, bathroom.  

We are purchasing a $35000 duplex cash with exterior paint and some other small items it should appraise for @50k.

For another vacant unit, we did some light renovation with new paint and new carpet.

Value add was paint, flooring and a little gardening (as though that would add much value).  

Paint - SuppliesLight Fixtures - Assets?

Your acquisition manager should paint a picture of how it will look after you go under-contract, mentioning that you'll need to send an inspector, contractors, and/or partners, and that it usually takes 2 or 3 visits.

New flooring, new paint, new appliances (Still needs a good toilet) What was the outcome?

There's chipping paint on the foundation outside.

So far it's just been paint and it's made a BIG difference in the feel of the home.

Building has no reserves for major repairs beyond minor things like painting and lawn care.