He says it is in good condition and each unit will take between $2-5k in cleanup (mostly carpet, paint).  

You can allocate a percentage of your home to be treated as a rental and split the common expenses based on that allocation-except for when you make repairs directly to those rented rooms (paint, etc) as those can be 100% expensed.

Learn how to paint, lay carpet, execute basic handyman stuff so that when you do start growing your investment portfolio you can knock some of that stuff out on your own.  

It only needs cosmetic work done to get ready for sale - paint, carpet, etc.My question: as a flipper what price range would make this worth it for you?  

At least one had a different exterior paint color. 

I got two quotes for renovations, and I'm going to go with Finishing Touches.The renovations are going to cost ~30k, and include a new roof, upgraded electrical system, adding a shower to the master powder room (which requires some reconfiguration to the room next door), new counters, paint, flooring throughout.   

We did a lot of the work ourselves but did hire out drywall (you know why), painting, and flooring.

No rehab required and/or very little repairs needed (new paint, carpet, etc.)- Under $150K.

It is an older home built around the 1950s and is need of updates new kitchen baths paint flooring possible electric and plumbing issues.

So far I have:Built a standard parts list and supplier list: windows, paints, flooring, cabinets, sinks.Established a good primary realtor.Made a standard of what I will do to distinguish my apartment units in the market.Hired a property management to deal with the increased number of lease up's and tenant shake out (note- I have only had 1 tenant move).Started using a documentation system for projects (Trello) and files (Google Drive).Built a solid relationship with a commercial lending arm of a regional bank.Areas to improve: Marketing- I have been MLS primary for my deals focusing on heavy rehab needed C class buildingsWebsite- slacked on totallyAttending network events-  in the 2 years only made it to 4 I think.