The SD was $500.We had to tear out the carpet, padding, scrap up the glued down areas of padding, even remove the tack strips in areas because they were soaked, scrub the floor, put an enzyme solution down, cover with plastic, then seal the floor with two coats of Kilz before the new carpet could go in.Plus, the normal cleaning because obviously he could not clean the appliances, etc. 

Cut spending on groceries, hold onto every penny you can.  

Thank you so much... sounds like I need to be writing off ever penny that has to do with my investments!

repaint w/fresh coat? 

If you acquire a lien, even for pennies on the dollar, your interest in the property becomes an equitable interest that they courts will recognize. 

Spot-primed, 2 coats of paint, and full cleanup?

Unfortunately I t picks up every seem or uneven area of a sub-floor.On the last apartment we finished this summer I pulled out all the stops and put down life proof LVF and it is worth every penny.

But, it's worth every penny.

These properties can be acquired for pennies on the dollar assuming an accurate estimate of the value and rehabilitation is conducted.

Some of the larger issues with the house were the sub floor was rotted out in the bathroom, someone cut out all of the copper plumbing, house wasn’t updated in years and list could go on and on.Contractor TipMy business partner and I after purchasing a house we always walk through the house and make a very detailed scope of work and put a price next to everything to get an idea of where we are going to be at, this process typically takes around 2-3 hours for a property.