I am having the apartments painted and after painting it the contractor came back the next day to find that in certain sections the paint had started to run.

He already did the inspection (nothing major)It is a four plex in Lakewood, Ohio for 125k and i'd say needs about extra 10k (exterior paint and some more repairs)My biggest issue is I know that I'm as a renter would prefer to rent for the same price a 2 bedroom apt in a nice building in the same area instead of renting a unit in this 4plex.

@Edward Dones@Rich Ng is correct, if rent is due the first, and they don't pay you can give them the notice to quit on the second.... 

(HVAC and water heater are end of life, plus needs interior/exterior paint, flooring, and other significant but not major issues). 

We have rented our home so quickly between renters, we rarely have the time to slap on another coat of paint.  

It would be a good ideal to paint all treated areas with a stain blocking primer including the wood members, studs and sub-flooring if affected.

I will try to give some respectful inquiry as to what might be done on the sellers part to paint a better picture.

Assuming it needs, at the very least, paint and some fixtures, then the retail cost of those items will come off the $115k.

I am assuming they are doing the inside work also (drywall, paint, etc.) to finish it off?  

So i have this 4plex im interested in but dont know if its a good deal i ran numbers based on pro forma and got good numbers then i finally got the financial spread sheets and renters roll and its still kind of good but want to run it by you guys: some backgroundProperty was rehabbed by current owner. has 4 separate hvacs all interiors have been painted newer roof new carpet new tileList Price: $309,000Year Built: 1960'sUnits: (4) (2) 2 bed 1 bath (2) 1 bed 1 bathGross Monthly Rent: $2,695Rents: $595, $595, $710, $795Monthly Mortgage w/ 25% down & 4.5% interest rate including insurance and taxes: $1,356Water, Trash, & Sewer: $200Management Fees: 10% ($269)Maintenance: 5% (134.75)Landscaping: $130Tenants pay electricity and gasfeel free to plug in any missing factors all help is appreciated