But I could probably take all the old wall paper down and repaint everything a netural color.What about carpet.

You will have to repaint when they move and carpet won't last past 4 years.The $450/month guys pay in cash, they can't get a checking account, they may move in the middle of the night, they don't care that the dishwasher quit and you will have to fix sheetrock, floors and paint when they move.The biggest downside on the lower priced houses is that an electrician costs the same now matter if he's working on a $100K or $25K house, and appliances may cost less, they aren't free in that end of the market.So it's a trade-off of income versus expenses and hassles.Now let's look at selling those houses.

They wanted me to buy paint so they could repaint for their deposit.

NA Martin Why would you have to repaint the entire place in 13 months after a tenant moved out?

I repainted the inside of the house and helped some grass grow in the front yard and sold it last September for a 25k payday.

The HOA received a settlement against the builder's insurance for $1 million and decided to spend it on fixing up the building: replacing roof, re-painting, addressing cracks in the stucco, etc.

I think part of it comes from people not knowing what renovation work really costs, they see the prices at Home Depot on stuff and think, "oh they repainted the place and a gallon of paint is less than $20 (the cheap paint, not the paint I buy) I bet that cost them $1000 at most to repaint the interior!"

Its saved me some $ on my rentals, because after I switched to this color i have had to re-paint half as much.

One unit needs to be re-painted.2.)

The old paint is still in the garage, so I could make those repairs myself, but I know it wouldn't look nearly as nice as a professional repainting job.The kitchen/dining is painted a horrible BLOOD RED color.