It needs carpet, paint, interior doors, and much more, including kitchen appliances. 

I am interested in purchasing a property that could use about $8000-$10,000 in cosmetic upgrades (change carpet for laminate, retexture and paint walls + ceiling, upgrade appliances, upgrade countertops to granite, upgrade kitchen+bathroom cabinets).How can I structure an offer offering full asking price but at closing the seller gives me back $10,000 cash?

My point as I noted earlier, is that I want to avoid holding the property much longer due to capex that is coming up, as I already spent 13K on a new roof this fall and have more items coming up (paint, furnace, water heater, plumbing, appliances).

Just look at the comps around you and see what they are renting for and if the rent covers your mortgage, HOA, fixing appliances in the property, and providing you with some profit I would totally go for it. 

Historically, we just had to use the same color palette, the same carpet, the same tile, the same appliances, etc., etc.

Looked like the most i would have to do is turn the garage into a bedroom, update appliances and a little paint, 15k at most in renovations.

I do when selling appliances- I gotta say, that translator is pretty damn awesome. 

.- Appliances were old and built in.- Previous owner was a do it your-self kind of guy and did a lot of it wrong.Now the biggest mistake I think out of all of these is not realizing that the family member was an alcoholic.

Folks.Do you use any appliance , systems warranty plans for your rental properties ?

We installed new flooring, paint, appliances, repaired a staircase and minor touch ups to each unit, filled 2 empty units and bumped the rents on the 2 occupied units.