It needs a new kitchen, dual pane windows, carpeting/laminate, bathroom suites and interior painting.

Parking lot maintenance, painting, fixing the loose bricks so they don't conk someone on the head.

From what I visualize it needs total landscaping, paint, and bahama shutter repair to start; no pics of the inside.

They have painted, used power tools, measured and cut siding, placed trim, dug ditches, cut sheetrock, pulled carpet, filled dumpsters, swept roofs, raked yards, cleaned driveways and gutters, built walls, hung new cabinets, hung notices, sat in court, and so much more; if they knew it or not learned more hands-on Real Estate than any book could teach them.All that said, my 23 year old daughter wants to get into the business.

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.