To get an HOA fee like that in my city your condo has to be close to or more than a million or be in a historical area where there is a ton of outside pait details, wooden storms, pools, cedar shake roofing, and 10 paint colors.

You will have vacancies, the carpets will need to be cleaned, walls will need to be painted and different items will have to be repaired and replaced.

But in the meantime, I am keeping the units as livable as possible, including installing new stoves, new carpet, new paint, new sub floors, etc...To answer your question, yes, I have given homeless sleeping bags, I have put up homeless in hotels, I have bought meals for the hungry, I have even had them sleep in my house.

No flooring, paint or gutters.That's where I'm at.

But also look and see if there is any evidence of recent repairs to the ceiling, such as fresh plaster or paint.

(Clean up, paint, etc..)

I paint the floors with an oil based floor paint.

I'm guessing to strip the house down by specialized people would cost about $30,000 and to rehang sheetrock, texture, and paint, would be another $20,000.

Upgrades:-New roof-New carpet-New tile -New paint (interior / exterior)-New light fixtures-New ceiling fans-Master bath remodel-Granite counter tops (whole house)Lessons learned: Always change the locks on your rehab, on day #1.

For instance, at today's REIA breakfast, I learned that my state has some of the very stiffest fines/penalties for lead paint liability in the nation.