Repairs budget - this can be full-on construction, or just the cost to touchup paint and change locks.4.

With that said, I have seen some investors approach the deal as a wholesaler would, find a below-market deal or motivated seller to get the property under contract at a discount, and then just get a handyman in to get the property into "liveable condition", touch up paint, make sure everything is functional, do an intense cleaning, and then re-list the property for a small profit after closing costs etc, maybe using a flat rate listing service. 

I probably spent $1000 on minor repairs and touchups.

You can bring new life to the kitchen and also get a rent boost by adding cabinet pulls, painting or other inexpensive touch ups. 

Really only need some touchups and new paint, kitchen floor and appliances on the inside.

Really only need some touchups and new paint, kitchen floor and appliances on the inside.

However, because Denver is so tight, do expect to put in at least $10K in light touch ups in order make attractive offers to sellers (ie fast closing, limited inspection objections).

Purchase price: $226,500 Single-family residence, currently owner-occupied during touchups and refurbishments.

That doesn't bring me comfort.I will head back over there tomorrow afternoon to ensure everything is gone and get to work on replacing some blinds and doing some light touch up to the house and then decide whether to put the home up for sale or list it for rent again.I've asked two or three tenants to move out when they got behind.  

However, I'm recovering from surgery and weather is too cold to do exterior touch-up painting, so it's not available yet.