Backsplash in the kitchens, nice floors in the bathroom (small areas, so the cost-bump is minimal), and updated lighting in some key areas (like the dining and living areas) go a long way.Basically anything you can do to activate that "Ooh, that's so pretty"/HGTV part of the brain, while being budget friendly, is a win. 

I own and live in a building where the first floor is an active business. 

Store front, ground floor, front facing is going for $35 a foot in some places, Insane. 

If she's been there that long, I wouldn't worry about repairs because it's obviously overdue for painting, possibly flooring and more.

I wanted to get concrete as to what numbers I'm going to consider in my newest market, where small buy-and-hold MF are currently selling at around the 1% rule (a $200,000 duplex gets around $2000 in monthly rental income - these numbers have remained consistent over the past 18 months ever since I first studied this market).1% doesn't excite me much and I decided I'll buy starting at around 1.5% (they currently have some small duplexes approaching this number but they're small and aged) - I want a larger MF or at the very least a newer build duplex with more SQ.FT. so I'm getting good rent while minimizing expenses. 

They won't comp similar properties, don't take floor plan into account, will comp houses with garages even if theirs doesn't have one, they will also comp converted garages on cheaper houses and say it's only 3-5 to convert a garage. 

Just updated the floors and paint, so it’s looking good.

This was the hot water line; therefore, the flooring is warped throughout the home.  

Set your floor price and don't be afraid to tweak it. 

Investment Info:Townhouse buy & hold investment in Jacksonville, North Carolina Purchase price: $78,000 Cash invested: $8,000First investment property that I bought under market value and planned to update with paint flooring and fixtures.