I urge you to read your insurance policy and see what it says about lead paint, mold, other environmental hazards, etc.

Both "may" involve going to ceramic tile from the sheet vinyl you have now.IMO, that floor change is always good, painting or replacing the cabinets depends on how much you can jack your rents.

I've seen things before like you get back 90% of the cost of a kitchen or bath, 85% of landscaping, 95% of interior paint, etc, but I don't think that's what you're asking.On most rehab related things, I try to figure what is FMV of this unit AFTER I have done the everything to bring it into "easily marketable" condition?

Paint in good shape?

She's entertaining a $170K option purchase offer.She's willing to enter into separate master lease with sublet rights for $600/month.The property seriously needs cleaned up and could use a coat of paint on the exterior, but is otherwise in halfway decent shape and very structurally sound.After cleanup and residential rents, FMV should be $220K.

Even if you are talking infants, what if one crawls off of a stair way, or eats leadbased paint chips?

It dosent need much rehab maybe just a little paint and carpet.

If all it takes is some appliances, a water heater, some superficial repairs, and fresh paint that's a nice profit, if sold at 124K.

That gives me a couple of weeks to clean, paint, carpet, and get the property ready to be rented.In the summer of 2006, it was common to have rentals stay vacant 3 or 4 months (or even longer).

The 2 family needs siding, or scrapping and painting, and 20 windows.