A house with an ARV of 80K that needs nothing more than carpet/flooring and paint and is about 1300 ft^2, and let's say it's listed for 70K.

I fully agree- most of my purchases are ~$10k with basic upgrades like new carpet and paint making up the remaining $5k...the key is to know the streets so you know the area, then snag the wheat from the chaff at excellent prices.

Clean foreclosure house that can even pass appraisal and inspection for a 30 year mortgage. i painted some wall and they was able to rent it out for 1200$ to a nice family. my PITI was less than 600$ a month with a 4.99% 30 years mortgage.The house now appreciate to more than 100,000$ after 3 years.I believe that the earlier to start investing, the better.

Anyone know if "Remedy defective paint" refers to a place that just needs a paint job or if it's related to lead-based paint?

Anyone can paint but not everyone can paint like a pro.

I did a lot of renovations (paint, wood floors, kitchen backsplash, new doors, new molding, blinds, etc.) and am trying to take this approach to the next level with a bigger investment property.

It was dated when she moved in, so needed a new kitchen, new cabinets, new paint, new bathroom fixtures, got rid of popcorn ceiling, new carpet in bedrooms, bathroom fixtures.

Painting $1k per 2br apt.

And I get free labor from his wife who will remove wallpaper and paint.

If you can only get them to pay for the base cabinets, you could paint the uppers and go with an economy white finished cabinet for the base.