Look for properties that have come back on the market, look for older cosmetics that are relatively easy to update—tired wallpaper to paint, new cabinet doors, new appliances, new vanities, hardwood under carpets things like that. 

Cabinets -- Removing, Cleaning and Painting doors(2 coats of paint from Kelly Moore) -- $45002.

Majority of the needed items are cosmetic (thankfully) and my current to-do list includes repainting the interior walls, cabinets, vanities and cupboards. 

I think what Im looking for is an app that allows me to take a photo or screen shot of a receipt and then uses OCR to extract information.The result would be a list of items on the receipt and the price paid for each.I would then, presumably later in the day or week, assign a category to each item (ex. paint, drywall, appliances, cabinets, labor) and maybe even a sub category (bedroom 1, bathroom 1, kitchen, etc). 

Thanks in advance for any input.Hi Chad, I took another look at your floor plan and some areas seem a little cramped.It might not be apparent on the floor plan unless you look for it.So to see what it would look like with more people room, I opened things up with about 36 inches walking space instead of 24 inches, pushed the island out a foot and (which may save money and time) simplified the wall layout. 32 inch doors at a minimum, etc..I have no experience in short term rentals, but in long term people tend to notice the kitchen first.I also added a wet bar/wine cabinet to match the kitchen cabinets, because many of the medical personnel I've known over the years tend to enjoy a bit of the hard stuff after work.

The property features a modern kitchen with new countertops, cabinets and fixtures.

Helpful tip to know right now if you need new kitchen cabinets they could be backordered up to 6 months.

Talk to a local PM/GC in regards to your business plan and estimated costs (ie new cabinets, new flooring, etc).

We did paint, kitchen, bathrooms, we made a shower in the master and put a tub in the secondary bathroom. new cabinets new vinyl downstairs and carpet upstairs. framed the windows in casing and crown molding.

Purchase price: $158,000 Cash invested: $158,000 -3 bed 2 bath single family home in Coralville-Purchased with cash -Monthly rent is $1620-Put ~$9,000 into renovations (new LVP, new carpet, new cabinets, new water heater) What made you interested in investing in this type of deal?