AND the original flooring in kitchen, dining and bathroom was ceramic tile, which means this flooring is an obvious upgrade.Didn't care.I showed them I am selling this condo for the highest price I've ever seen in this complex, at this size and bedrooms. 

Although, income, employment, background, etc all need to check out too.If you are not comfortable, and do not NEED to rent it, then don't take the risk. 

Depends on what you’re comfortable with.

``````````````````````````````````````````````````````````````````````````````````````“Everything you want is just outside your comfort zone.”

It's not a bad time to buy as long as you are comfortable looking and you are doing it safely.

I'm guessing that the market won't go down that much, but having a large margin for error made me feel comfortable making the offer.

That includes principle, interest, taxes, and insurance as well.We have spent about $8,500 in repairs and upgrades including - revamping the landscaping, having the brick and siding professionally painted, installing new stained cedar posts and shutters, installing a new privacy fence and having it stained, removed popcorn ceilings, redid the taping/bedding, retextured, had the inside walls and ceiling professionally painted, installed a new cedar beam in the living area, new custom blinds for all windows, all new light fixtures and ceiling fans, brand new stainless steel appliances (range with double oven, dishwasher, microwave vent hood, and new refrigerator - all GE brand) Floors are in good not great shape (tile in kitchen and dining room and single bathroom, laminate in living room and hallway, carpet in both bedrooms) and would be the only other possible upgrade we would consider.

Initially I just did residential construction but after a few years when the market started to improve and I felt more comfortable running projects and working with architects I started getting into commercial rehabs.  

Offer what you're comfortable with, which should be low due to the economy we're in, and good luck!

It will come down to what your risk tolerance and comfort level is.