They painted and put in appliances and some flooring in two of the bedrooms and that is it.

The property has been vacant for 3 years and needs about 25K in renovations (paint, carpet, appliances, roof repair, etc.).

I got my Realtor’s licence in the state of MN as well as ran my own painting and handyman business for seven years working closely with a Realtor friend of mine fixing and preparing properties which were about to go to market.

In our first home I was able to redo our kitchen cabinets by painting them and adding hardware.

They have calculators like a rehabber both 'top down and bottoms up" where they may create a bottoms up calculation like: 30 square roof with decking, insulation, paint, GC fees, new electrical, for a kitchen fire * depreciation, if applicable Or a top-down estimate: If kitchen construction costs in the area are $200, then the may estimate, e.g. $200 per foot and you have 400 ft damaged = 400 x $200 = $80,000 * depreciation if applicable Some states, you get paid the policy limits even if they are higher than the replacement cost.

You really need to know the term you plan on staying there.If you're starting out, have capital issues, cash flow limited, you can suffer with conditions, cover with paint and move on for a short term lease or have him fix and still go short term.

It seems more accidental than negligent(fine line)...Commercial Clorox/kilz/paint or replace sheetrock and make sure drain clear...keep it moving..

A layer of paint can cover up a lot for smoke and water damage that will cause you problems down the road.

The units are in good condition (new rugs and paint at the most).

But mainly because if it is old enough to rehab it is probably old enough to have lead based paint.