The way I see it, a Buyer could put the cheap flooring down, fresh paint and could flip it for a fast and easy profit OR just rent it out.

Now, I agree with your agent - a perfect home, nicely staged, freshly painted, landscaped sells a whole lot quicker than one with issues.

I'm hoping to get some input (I've on an offer given the following:South Central Michigan - Desirable school districtListed for $130,000On market since Aug. 2104 without price reduction~45 years oldOriginal furnace in both units (works well but old - not inspected yet)Roof is ~20 years old (OK condition but old - not inspected yet)New windows in 1 unit, original windows in other (aluminum - good condition - not inspected yet)Unit 1 needs cosmetic work (deep cleaning, minor drywall patchwork, painting, carpet replacement/cleaning in several rooms)Unit 1 shorter term tenantsUnit 2 is pretty clean and nothing needed by way of cosmetic repair.Unit 2 has long term tenantsBoth units rent at $825 per monthSelling agent cited "income potential" for firmness on the price.Based on the repairs that are needed, my gut feeling is that $130k is too much.

As long as nothing surprising pops up towards the end, we should be under budget.New Deck:Floors sanded down:Basement freshly painted and carpeted:Master bedroom in basementAnd just a pic I snapped one morning from the from the deck.

I put about $2k into the property for painting, cleaning, landscaping, fridge, etc...)  

Hi Austin,Check with Miguel or Siria at Maas Painting: 913-223-7183.

Folks that have a high level of interest in changing the paint colors and altering this and that are red flags for me!

Put a few thousand dollars in it including brand new interior paint, complete cleaning of the house, home staging and so on.

New roof, siding, central ac/heat, water heater, lights, carpets, toilets, counters and faucets (they are not gold btw) in bathrooms, paint, lots of new trim and finish items (vent registers, baseboards, etc.), and full clean up of yard and exterior.

There could be tremendous opportunity (to increase rents and property value) if you are that one "owner" and you probably could do some major improvements just buying 2, 3, or 4 together, creating a quiet, well kept, good tenant end of the street (paint all yours the same color and build appropriate fencing, etc)...