Freshly painted, bright units with carpet and vinyl show better than a unit with hardwood but dirty walls and dented doors and the like. 

The repair adjustment, carpet allowance, closing costs, etc that you roll into the loan amount is NET zero to the seller.

No rehab expenses just had the a/c unit replaced along with carpet/flooring.

Clean or replace the carpet in the bed rooms. 2.

No kitchen cabinets, no flooring, no bathroom counters, etc.Here is the picture of the hinged stair tread:It was covered in carpet but not secured at the bottom so when you lifted on it, the whole thing opened up.Here is the living room floor after the disgusting carpet was removed. 

In those areas - you have to do crown molding, granite in the kitchen & bathrooms, nicer carpet with thicker pad, nicer cabinets, etc to be able to maximize your ROI.

I am looking to keep this one pretty simple with stained concrete or tile (whichever is cheaper) with carpet in bedrooms and typical average finish out besides some granite counters.

After buying the condo for 365,000 I added about 21,000 in improvements - carpet, paint, new kitchen, new air conditioner/furnace etc.

There is nothing like it......David Ray Moreno I think your best bet is to get into a house/duplex/4plex that needs carpet and paint.

I'm talking orange counters, green carpet, orange trim etc.