It's up to that guy to negotiate with his realtor the best deal, or use a cheap title company, or the biggest one is financing. even if you did not plan to wholesale it and you just needed to run numbers to see what your personal actual profit would be, you would still end up getting to a point where you have to decide what an appropriate amount of profit would be so that you can make your offer.

Glass shower doors aren't necessarily "cheap" but can also update a bathroom.

Not as cheap as carpet though. 

Besides, I can see them meeting outside their apts making fun of my cheapness!  

I was looking to acquire a relatively cheap property to get me started in Memphis.

well I dont know what it is but my levolor 2.5 blinds show signs of it and the 2 cheap ones in  small room are horrific to look at. it would have been nice if some of the people that had the issues before would have shared their outcome.

Keep it simple, and cheap...

In the small cheap 70's era rentals with few windows, especially around the college, it's pretty common.

@Charlie MacPherson I was very surprised to see something that cheap myself.

A few fence boards are cheap.