Experience also ranges from brand new, to 20+ years in the industry.In the mean time, welcome to the community!

I'm brand new to real estate investing, looking to make my first purchase: an owner occupied multi-family home.

All the new tiles are broken, all the vanities that were brand new are destroyed, all new appliances are gone, cabinets - destroyed, stairs - need re-carpeting!

Main bath has brand new tile.

You may find that the market won't support substantially increased rents for brand new kitchen, bigger bath, and premium finishes.  

So likely a brand new listing they will not accept that kind of discount.

@Wes Brand, did you get trained by Bob?

I am brand new and am looking to purchase a Multi-Family property and get an FHA Loan and qualify for the 203k loan.  

Once I achieved some success, I focused on brand new houses and got permission of the owners to setup office in their vacant house and would hold open house every day and work out of the office.

I'm brand new to RE learning and I love the podcasts to help me soak up information while I'm in the car or cleaning house.